Bailout money goes to Umpqua Bank

http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1225247150237600.xml&coll=7

The financial institution, perhaps the strongest Oregon-based bank, will get $214 million from the U.S. Treasury

Wednesday, October 29, 2008

JEFF MANNING

The Oregonian Staff

Umpqua is already well-capitalized, raising questions about whether the institution needed the federal money. "The bottom line is, we probably don't," said Ray Davis, president and CEO of Umpqua Holdings.