M&A Deal Summary

Steward Partners Acquires Umpqua Investments

On April 23, 2021, Steward Partners acquired financial services company Umpqua Investments from Umpqua Bank

Acquisition Highlights
  • This is Steward Partners’ 1st transaction in the Financial Services sector.
  • This is Steward Partners’ 1st transaction in the United States.
  • This is Steward Partners’ 1st transaction in Oregon.

M&A Deal Summary
Date 2021-04-23
Target Umpqua Investments
Sector Financial Services
Buyer(s) Steward Partners
Sellers(s) Umpqua Bank
Deal Type Divestiture

Target

Umpqua Investments

Portland, Oregon, United States
Umpqua Investments is a registered broker-dealer and registered investment adviser, based in Portland, Oregon.

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Buyer(S) 1

Buyer

Steward Partners

Washington, District of Columbia, United States
Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

Steward Partners is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational wealth. Steward Partners was founded in 2013 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 3
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 4
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Freedom Street Partners

Chesapeake, Virginia, United States

Freedom Street Partners is an independent financial services firm that offers wealth management solutions for families, businesses, and multigenerational investors. Freedom Street Partners is based in Chesapeake, Virginia.

Buy -

Seller(S) 1

SELLER

Umpqua Bank

Portland, Oregon, United States
Category Company
Founded 1953
Sector Financial Services
Employees3,410
Revenue 1.3B USD (2022)
DESCRIPTION

Umpqua Holdings operates as the holding company for Umpqua Bank and Umpqua Investments, Inc. which provide commercial and retail banking, and brokerage services to corporate, institutional, and individual customers in the United States. Umpqua Bank was founded in 1953 and is based in Portland, Oregon.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-18 Sterling Financial

Lancaster, Pennsylvania, United States

Sterling Financial Corp. a bank holding company for Sterling Savings Bank, a state-chartered and federally insured commercial bank. Sterling offers banking products and services, mortgage lending, construction financing and investment products to individuals, small businesses, commercial organizations and corporations. Sterling operates 178 deposit-taking branches in Washington, Oregon, Idaho, Montana and California.

Buy $2.0B
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