M&A Deal Summary

Umpqua Bank Acquires Centennial Bancorp

On November 18, 2002, Umpqua Bank acquired financial services company Centennial Bancorp for 221M USD

Acquisition Highlights
  • This is Umpqua Bank’s 4th transaction in the Financial Services sector.
  • This is Umpqua Bank’s 4th largest (disclosed) transaction.
  • This is Umpqua Bank’s 4th transaction in the United States.
  • This is Umpqua Bank’s 3rd transaction in Oregon.

M&A Deal Summary
Date 2002-11-18
Target Centennial Bancorp
Sector Financial Services
Buyer(s) Umpqua Bank
Deal Type Add-on Acquisition
Deal Value 221M USD
Advisor(s) Hovde Group LLC (Financial)
Tonkon Torp (Legal)

Target

Centennial Bancorp

Portland, Oregon, United States
Centennial Bancorp provides a range of depository and lending services to commercial, industrial, and agricultural enterprises, financial institutions, governmental entities and individuals.

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Buyer(S) 1

Buyer

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 4 of 10
Sector (Financial Services) 4 of 10
Type (Add-on Acquisition) 4 of 10
State (Oregon) 3 of 3
Country (United States) 4 of 10
Year (2002) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-31 Independent Financial Network

Coos Bay, Oregon, United States

Independent Financial Network functions of a commercial bank: commercial, real estate, and installment loans; equipment leasing; checking and savings accounts; collection, and escrow services, and safe deposit facilities.

Buy $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-09 Humboldt Bancorp

Roseville, California, United States

Humboldt Bancorp is a provider of general commercial banking services throughout northern California.

Buy $344M
Mergr

Product

Company

Legal