M&A Deal Summary

Umpqua Bank Acquires Independent Financial Network

On December 31, 2001, Umpqua Bank acquired financial services company Independent Financial Network for 58M USD

Acquisition Highlights
  • This is Umpqua Bank’s 3rd transaction in the Financial Services sector.
  • This is Umpqua Bank’s 7th largest (disclosed) transaction.
  • This is Umpqua Bank’s 3rd transaction in the United States.
  • This is Umpqua Bank’s 2nd transaction in Oregon.

M&A Deal Summary

Date 2001-12-31
Target Independent Financial Network
Sector Financial Services
Buyer(s) Umpqua Bank
Deal Type Add-on Acquisition
Deal Value 58M USD
Advisor(s) Wells Fargo Securities (Financial)
Davis Wright Tremaine (Legal)

Target

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.

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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 3 of 10
Sector: Financial Services M&A 3 of 10
Type: Add-on Acquisition M&A Deals 3 of 10
State: Oregon M&A 2 of 3
Country: United States M&A 3 of 10
Year: 2001 M&A 2 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-28 Linn-Benton Bank

United States

Linn-Benton Bank is a provider of banking services with five Oregon branches in Albany, Corvallis, Lebanon, Sweet Home, and Tangent.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-18 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.

Buy $221M