Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc. as sole book-running manager on an $94.9 million SEC-registered offering by Umpqua Holdings Corporation of 8,625,000 shares of its common stock, including 1,125,000 shares pursuant to the underwriters’ exercise of their over-allotment option. The common stock is listed on the Nasdaq Global Select Market under the symbol “UMPQ.”

Davis Polk also advised J.P. Morgan Securities Inc. as sole book-running manager on a $208.7 million SEC-registered offering by Umpqua Holdings Corporation of 18,975,000 depositary shares, representing interests in Series B common stock equivalent, including 2,475,000 shares pursuant to the underwriters’ exercise of their over-allotment option.

Based in Portland, Oregon, Umpqua Holdings Corporation is a financial holding company and parent company of Umpqua Bank, an Oregon state-chartered bank. Umpqua Bank provides a wide range of banking, mortgage banking and other financial services to corporate, institutional and individual clients. Umpqua Bank is considered one of the most innovative community banks in the United States, combining a retail product delivery approach with an emphasis on quality-assured personal service. Umpqua Bank has 162 locations between San Francisco, California, and Seattle, Washington, along the Oregon and Northern California Coast and in Central Oregon.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Kevin Williams and Charlene Choi. The equity derivatives team included partner Mark M. Mendez and associates Derek Dostal and Barry J. Gewolb (not yet admitted). The tax team included partner Rachel D. Kleinberg of the Menlo Park office and associate Andrew Teruo Hayashi. Counsel Loyti Cheng and associate Elisabeth Mountainspring provided environmental advice. Except as noted above, all members of the Davis Polk team are based in the New York office.