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DailyTidings.com
  • Umpqua Bank consolidating four Southern Oregon branches

  • Two Medford and two Grants Pass branch offices are among the 27 Umpqua Bank said it will consolidate following its acquisition of Sterling Savings Bank.
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  • Two Medford and two Grants Pass branch offices are among the 27 Umpqua Bank said it will consolidate following its acquisition of Sterling Savings Bank.
    In Medford, Umpqua's 809 Stewart Ave., location will fold into the former Sterling office at 620 Stewart Ave. Umpqua's 2400 Poplar Drive location, a holdover from its Valley of the Rogue Bank acquisition, will be consolidated into Umpqua's 1211 E. McAndrews Road store in Medford. Both of those moves are scheduled for October.
    In September, Umpqua's Fruitdale location in Grants Pass will be consolidated into Umpqua's 1670 Williams Highway location. That will be followed in October by transfer of the former Sterling office at 598 NE F St. to Umpqua's downtown branch at 117 NE F St.
    Umpqua said the changes were based on factors ranging from convenience for customers, its overall network, and proximity to other locations. The bank said the average distance between consolidating locations is 1.1 miles.
    Overall, 13 consolidations are scheduled in Washington and seven each in California and Oregon.
    All accounts at consolidating stores will stay with Umpqua and be transferred to the closest location.
    Umpqua said it has more than 200 open positions throughout its footprint, and will actively help employees find positions in a neighboring location or elsewhere within Umpqua. The company it has opened career centers in Portland, Seattle, Spokane and Roseburg to aid in developing digital tools.
    — Greg Stiles
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