PORTLAND, Ore., June 04, 2018 (GLOBE NEWSWIRE) — Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, today announced that Tom Farrell has been named head of its Homebuilder Finance Group. Located in Umpqua’s Newport Beach office, Farrell will focus on strengthening Umpqua’s capacity to service the full spectrum of financial needs for regional homebuilders and developers, as well as expand the bank’s California presence.
According to John Swanson, Umpqua Bank’s executive vice president and head of commercial real estate, Farrell’s breadth of industry experience, relationships up and down the West Coast, and knowledge of Umpqua’s priority California markets align with the bank’s growth strategy for its Commercial Real Estate Division.
“Tom has a reputation for rock-solid integrity as a leader and a record of building customer-obsessed teams,” said Swanson. “His leadership will be a tremendous asset as Umpqua builds upon our success in the homebuilder space and continues to expand market presence across our footprint.”
Farrell brings more than 30 years of homebuilder and commercial real estate finance experience to Umpqua. He previously held senior positions at Bank of America, Landmark Capital Advisors, Bellstone Capital Advisors, and Sabal Financial Group. At Bank of America, Farrell led the largest homebuilder finance group in the country before leaving to establish Sabal’s homebuilder division.
Farrell earned a Bachelor of Science degree from Cornell University and an MBA from Pepperdine University. He is a member of the Urban Land Institute, National Association of Homebuilders, California Building Industry Association, the Cornell University Real Estate Council, and serves as treasurer of HomeAid America. He is also a licensed California real estate professional.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California and Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for eight years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies to Work For,” and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the thirteenth consecutive year. In addition to its retail banking presence, Umpqua Bank also owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to businesses. A subsidiary of Umpqua Holdings Corporation, Umpqua Investments, Inc., provides retail brokerage and investment advisory services in offices throughout Washington, Oregon, and California.