INAUGURAL UMPQUA BANK CHALLENGE RAISES $100,000

PORTLAND, Ore. (January 23, 2012) – The Umpqua Bank Challenge today announced that, in its inaugural year, the tournament raised $100,000 for non-profit partners “I Have a Dream” Foundation – Oregon and Randall Children’s Hospital at Legacy Emanuel.
 
On-hand to award the monies raised were Tournament Host Peter Jacobsen and Umpqua Bank President and CEO Ray Davis. The two presented the funds at Alder Elementary, “I Have a Dream” Foundation – Oregon’s “Dreamer School,” in Portland’s Reynolds School District.

Peter Jacobsen (far left) and Ray Davis (far right) presented the funds raised by the 2011 Umpqua Bank Challenge to
Nancy Horton, Diane Boly and Julie Ball, members of the “I Have A Dream” Foundation’s Board of Directors, Tamara Uppendahl,
Director of Donor Relations for Legacy Health and Liz MacDonell, Executive Director of the Randall Children’s Hospital Foundation.
Photo courtesy of Peter Jacobsen SPORTS.

 
“To be able to use the game of golf as a means to unite people in the spirit of giving back, and having fun, is very special,” said Jacobsen. “This community means a lot to me, and I’m proud to be a part of supporting the great work that these two non-profit organizations do for our children and their families.”
 
Funds raised by the inaugural Umpqua Bank Challenge helped “I Have a Dream” Foundation – Oregon implement key efforts at their Dreamer School, such us providing 60 academic tutors in reading and writing for their Kindergarten through Second graders. Funds contributed to Randall Children’s Hospital will be used to support a Family Conference & Resource Room on the 3rd floor of their new state-of-the-art facility, set to open February 2012.

“The Umpqua Bank Challenge is an opportunity to give back to the City of Portland and to organizations that are doing such important work to support the health and well-being of our community's children and families,” said Ray Davis, Umpqua Bank president and CEO. “The positive impact of our work in year one is significant and I look forward to seeing that grow as the Challenge does.”
 
As announced earlier this month, the Umpqua Bank Challenge has a new host venue, The Reserve Vineyards and Golf Club in Aloha. During the presentation, Jacobsen discussed his excitement over the move and teased 2012 tournament information, including the identity of the 2012 Honoree (2011’s was Arnold Palmer) and a possible format change for the main field portion of the event.

Registration for the 2012 volunteer program, which sold out early last year, will open March 1. For the most up-to-date tournament information and news, including details on volunteering, ticket sales and sponsorship opportunities, visit www.umpquabankchallenge.com or call (866) 503-2003.
 
About The Umpqua Bank Challenge
The Umpqua Bank Challenge, is a three-day exhibition-style golf tournament set for August 26-28, 2012 at The Reserve Vineyards and Golf Club in Aloha, Ore. The Umpqua Bank Challenge will include The Regence Pro-am on Sunday and the main field competition on Monday and Tuesday, where PGA TOUR and Champions Tour professionals will play a best-ball format while paired into two-person teams. Hosted by PGA TOUR professional and Portland-native Peter Jacobsen, proceeds from The Umpqua Bank Challenge will benefit the tournament’s two partner charities; Randall Children’s Hospital at Legacy Emanuel and the “I Have a Dream” Foundation – Oregon.

About Peter Jacobsen SPORTS
Founded in 1988, Peter Jacobsen SPORTS, LLC, is a full-service sports and entertainment marketing firm that specializes in event sales, management and operations, sponsorship consulting and player/talent relations. The company is independently owned and has more than 20 full-time employees across two offices in Portland, Ore. and Providence, R.I. Since its inception, PJS has managed more than 250 events around the United States.
 
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for the past five years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies To Work For.” Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua's Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore.