Bank leans into community-based banking teams to support Oregon businesses
PORTLAND, Ore., (May 19, 2021)—Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the hiring of Mike Sventek, a long-time commercial and community banker, to lead and expand a team of bankers to support the unique needs of greater Oregon-based businesses. Sventek is based in Bend, Ore.
The addition of Sventek, who will serve as commercial market director for greater Oregon, is Umpqua’s latest move to provide local, accessible commercial banking team support for growing business enterprises across the state and region.
Last year, following the first round of funding through the Paycheck Protection Program (PPP), Umpqua formed its new community and business banking division to focus on this critical segment of the economy. Ashley Hayslip, who managed Umpqua’s first-round PPP program, was promoted late last year to lead this division for the bank. Under her leadership, Umpqua is actively building teams in key markets and hiring top talent like Sventek, who brings more than 30 years of experience as a commercial and community banking leader at major financial institutions.
“Umpqua is committed to supporting Oregon business owners and entrepreneurs whose success creates jobs and economic opportunity in our communities,” said Hayslip. “Mike shares this same commitment and has spent his career helping businesses succeed through good times and bad. We’re thrilled to add Mike’s market knowledge and proven track record to our leadership team.”
Sventek has strong personal and professional ties in Bend and across Oregon, having served for more than a decade as community banking district manager for Wells Fargo. Over the last 10 years, he led a regional team of commercial relationship managers for BBVA USA. During his tenure at BBVA USA, Sventek more than doubled the size of the commercial portfolio in his region, while also coordinating efforts for the bank related to business development, community involvement, and the Community Reinvestment Act.
“I’m excited to join Umpqua Bank and the opportunity to work with a team of talented local bankers across greater Oregon who are focused on supporting local businesses with personalized, value-added advice,” Sventek said. “Umpqua offers a powerful combination of personalization and sophistication at a time when businesses need a trusted local banking partner who can support and grow with them.”
Sventek earned a bachelor’s degree in computer science from Northern Arizona University and is a graduate of the Pacific Coast Banking School at the University of Washington.
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 sixteenth 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.