Business & Real Estate

Umpqua Bank consolidations will close 4 branches in region

Oregon-based Umpqua Bank said Thursday that it will consolidate 26 banks later this year, with four branches designated for closure in the greater Sacramento area.

Eight of the banks slated to close, beginning in June, are in California. Fourteen are in Oregon, three are in Washington state and one is in Idaho. Umqua said the consolidations will be implemented throughout the summer.

Umpqua issued a list of four area banks slated for closure, plus the four existing Umpqua banks that will assume the business and consumer accounts of the closed banks. The list, with the soon-to-close bank listed first, followed by the Umpqua branch that will remain open post-consolidation includes:

Lincoln Hills branch at 61 Lincoln Blvd. in Lincoln, moving into Twelve Bridges branch at 805 Twelve Bridges Drive in Lincoln.

Pollock Pines branch at 2661 Sanders Drive in Pollock Pines and the Placerville West branch at 3970 Missouri Flat Road in Placerville, moving into Placerville East at 1224 Broadway in Placerville.

The Highland Crossing branch at 1050 Pleasant Grove Blvd. in Roseville, moving into the Stanford Ranch branch at 6061 Stanford Ranch Road in Rocklin.

In a statement, Greg Seibly, Umpqua Bank’s president of consumer banking, said: “Today, customers can bank online and on their mobile devices – and convenience is defined not by bank locations but by an integrated mix of physical and digital options that make it possible for customers to bank when and where they choose. These store consolidations reflect those changes in customer behavior and allow Umpqua to continue operating as efficiently as possible while investing in a unified physical and digital customer experience.”

Mark Glover: 916-321-1184, @markhglover