Umpqua Bank Challenge will not take place in 2013

PORTLAND, Ore. (October 16, 2012) – The Umpqua Bank Challenge today announced that the 2012 tournament raised $100,000 for non-profit partners “I Have a Dream” Foundation – Oregon and Randall Children’s Hospital at Legacy Emanuel.

“These two hard-working and well-deserving non-profit organizations provide remarkable services to Portland-area children and their families,” said Tournament Host Peter Jacobsen. “They have also been tremendous partners to this event over the past two years.”

Funds raised by the 2012 Umpqua Bank Challenge helped “I Have a Dream” Foundation – Oregon support the hire of a Middle School Program Manager, who will follow 180 Dreamers from Alder Elementary into two Reynolds District Middle Schools. Funds contributed to Randall Children’s Hospital will be used in continued support of a Family Conference & Resource Room on the 3rd floor of their new state-of-the-art facility, which opened February 2012.

Tournament Plans Hiatus
Tournament organizers also announced that the Umpqua Bank Challenge will not take place in 2013 so they can reevaluate the market conditions and overall event viability.

“I’m incredibly proud of both the 2011 and 2012 Umpqua Bank Challenge and Regence Pro-Am events,” said Jacobsen. “The FedExCup Playoffs have changed the dynamic of getting top young PGA TOUR pros to Portland in August, so I would like to take some time to reevaluate and determine what type of event, if any, we could have here.”

The 2011 and 2012 Umpqua Bank Challenge events were played in between the first and second FedExCup Playoff tournaments, both held on the East Coast.

About The Umpqua Bank Challenge
The Umpqua Bank Challenge, <http://www.umpquabankchallenge.com>, is a three-day exhibition-style golf tournament that was played August 26-28, 2012 at The Reserve Vineyards and Golf Club in Aloha, Ore. The Umpqua Bank Challenge included The Regence Pro-am on Sunday and the main field competition on Monday and Tuesday, where PGA TOUR, Champions Tour and LPGA Tour professionals played a best-ball format while paired into two-person teams. Hosted by PGA TOUR professional and Portland-native Peter Jacobsen, proceeds from The Umpqua Bank Challenge benefit the tournament’s two partner charities; Randall Children’s Hospital at Legacy Emanuel and the “I Have a Dream” Foundation – Oregon.

About Peter Jacobsen SPORTS
Founded in 1988, Peter Jacobsen SPORTS, LLC, <http://www.peterjacobsensports.com>, is a full-service sports and entertainment marketing firm that specializes in event sales, management and operations, sponsorship consulting and player/talent relations. The company is independently owned and has more than 20 full-time employees across two offices in Portland, Ore. and Providence, R.I. Since its inception, PJS has managed more than 250 events around the United States.
About Umpqua Bank
Umpqua Bank, <http://www.umpquabank.com, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ) and has locations between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern 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 the past five years in a row on FORTUNE magazine’s list of the country’s “100 Best Companies To Work For.” Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments Inc., which offers services through Umpqua Bank stores and in dedicated offices throughout Oregon. Umpqua’s Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com.

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Information contributed by
Amy Biery
Director of Communications
Peter Jacobsen SPORTS