Umpqua Bank, a subsidiary of Umpqua Holdings Corporation with eight branches in Clark County, announced a package of relief and support for communities, customers and associates impacted by the devastating wildfires along the West Coast. Umpqua itself lost an entire store in Phoenix, Ore.
The announcement comes as wildfires in Oregon, Washington and California have already consumed more than five million acres and resulted in at least 36 deaths. Umpqua has committed $750,000 in relief funding for impacted communities. This includes $100,000 for both response and recovery efforts in the coming weeks. An additional $650,000 is allocated for community organizations helping small businesses and local economies recover. The bank has also activated a 3:1 corporate match for associates donating to nonprofits supporting those impacted by the wildfires, as well as expanded its Virtual Volunteer program to support the many Umpqua associates currently volunteering time and resources to recovery efforts.
The bank has activated its Disaster Relief Loan Program to provide impacted customers quick access to cash as needed, as well as to help them recover financially. Mortgage relief options for homeowners impacted by natural disasters are also being actively made available, and the bank will work with all impacted customers to defer or waive any costs associated with their Umpqua accounts incurred as a direct result of the wildfires.
For the many Umpqua associates directly impacted by the wildfires, the bank has initiated an emergency assistance fund. In addition to providing direct financial support to these associates, the bank is also providing impacted associates access to a wide variety of services to meet their immediate and long-term needs.
