Umpqua Bank
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News Releases
Umpqua Bank's Central Oregon Small Business Impact: $34 Million, 4,000+ Jobs, 360 Businesses - 05/21/20

Nealry 4,060 workers in Central Oregon will be able to return to their jobs or keep working, thanks to the more than $34 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of about 360 local small business owners.

The PPP loans that went to business owners in Crook, Deschutes and Jefferson Counties are part of the more than $750 million Umpqua Bank processed for its customers in Oregon.

“Small businesses are the lifeblood of our economy. Helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

A large percentage of the Central Oregon loan recipients and impacted workers are in Bend. Business owners there received more than 300 loans totaling almost $26 million, which will keep about 3,360 people working.

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank has successfully processed nearly 14,000 loans worth an estimated $2 billion that helped local businesses save 240,000 jobs in communities.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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Umpqua Bank's Tri-Cities Small Business Impact: $20+ Million, 2,400+ Jobs, 100+ Businesses - 05/21/20

More than 2,410 workers in Kennewick, Pasco and Richland will be able to return to their jobs or keep working, thanks to the more than $20.4 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of more than 100 local small business owners.

Many of the loan recipients and impacted workers are in Kennewick. Business owners there received more than 50 loans totaling more than $9 million, which will keep almost 1,350 people working.

The PPP loans that went to business owners in the Tri-Cities area are part of the $450 million total Umpqua Bank processed for more than 3,000 businesses in Washington, supporting nearly 50,000 jobs.

“Small businesses are the lifeblood of our economy. Helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank has successfully processed nearly 14,000 loans worth an estimated $2 billion that helped local businesses save 240,000 jobs in communities.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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Umpqua Bank's Pierce County Small Business Impact: $28+ Million, 3,200+ Jobs, 200+ Businesses - 05/21/20

More than 3,230 workers in Pierce County will be able to return to their jobs or keep working, thanks to the more than $28.9 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of more than 200 local small business owners.

Many of the loan recipients and impacted workers are in Tacoma. Business owners there received almost 120 loans totaling more than $15.8 million, which will keep more than 1,800 people working.

The PPP loans that went to business owners in Pierce County are part of the $450 million total Umpqua Bank processed for more than 3,000 businesses in Washington, supporting nearly 50,000 jobs.

“Small businesses are the lifeblood of our economy. Helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank has successfully processed nearly 14,000 loans worth an estimated $2 billion that helped businesses save 240,000 local jobs in communities.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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Umpqua Bank's Seattle Small Business Impact: $220 Million, 21,000 Jobs, 1,500+ Businesses - 05/21/20

More than 21,0000 workers in the Seattle metro area will be able to return to their jobs or keep working, thanks to the $220 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of more than 1,500 local small business owners.

The PPP loans that went to business owners in the counties of King, Pierce, and Snohomish are part of the $450 million total Umpqua Bank processed for more than 3,000 businesses in Washington, supporting nearly 50,000 jobs.

“Small businesses are the lifeblood of our economy and helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank has successfully processed nearly 14,000 loans worth an estimated $2 billion that helped businesses save 240,000 local jobs.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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Umpqua Bank's Spokane Small Business Impact: $31 Million, 3,000+ Jobs, 180+ Businesses - 05/21/20

More than 3,000 workers in Spokane will be able to return to their jobs or keep working, thanks to the $31 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of more than 180 local small business owners.

The PPP loans that went to business owners in Spokane are part of the $450 million total Umpqua Bank processed for businesses in Washington.

“Small businesses are the lifeblood of our economy and helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank has successfully processed nearly 14,000 loans worth an estimated $2 billion that helped businesses save 240,000 local jobs in communities across five states.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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Umpqua Bank's Lane County Small Business Impact: $76 Million, 8,400+ Jobs, 500+ Businesses - 05/21/20

More than 8,450 workers in Lane County, Ore., will be able to return to their jobs or keep working, thanks to the $76.6 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of more than 510 local small business owners.

A large percentage of the loan recipients and impacted workers are in Eugene. Business owners there received more than 330 loans totaling more than $51.6 million, which will keep more than 6,050 people working.

The PPP loans that went to business owners in Lane County are part of the $750 million total Umpqua Bank processed for its customers in Oregon.

“Small businesses are the lifeblood of our economy and helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank has successfully processed nearly 14,000 loans worth an estimated $2 billion that helped businesses save more than 240,000 local jobs in communities across five states.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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Umpqua Bank's Portland Small Business Impact: $405 million, 45,000 Jobs, 2,300+ Businesses - 05/21/20

Nearly 45,000 workers in the four-county Portland metro area will be able to return to their jobs or keep working, thanks to the more than $405.3 million worth of federal Paycheck Protection Program (PPP) financial relief applications submitted by Umpqua Bank on behalf of about 2,370 local small business owners.

The PPP loans that went to business owners in Clackamas, Multnomah and Washington County, Ore., along with those in Clark County, Wash., are part of the more than $800 million Umpqua Bank processed for its customers in Oregon and S.W. Washington.

“Small businesses are the lifeblood of our economy. Helping them navigate and survive the pandemic has been one of Umpqua’s highest priorities the past several weeks,” said Umpqua President & CEO Cort O’Haver. “We will continue to do all we can to help our customers and communities get through this challenging time.”

Umpqua was one of the first banks in the country ready to accept small business applications when the Small Business Administration launched the Paycheck Protection Program on April 3. The bank successfully processed nearly 14,000 loans worth an estimated $2 billion that helped businesses in five states save 240,000 local jobs in communities.

For context, Umpqua might fund roughly $140 million in SBA funding on average in an entire year.

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