Both companies will remain independent; however, they will work in partnership with one another to offer customers a range of wealth management products and services which combines private banking and asset management.

Through the alliance with Umpqua, Ferguson Wellman now has the ability to offer clients customised lending and depository products.  Umpqua customers and advisors will now have access to Ferguson Wellman’s staff of 17 portfolio managers and analysts, as well as its financial planning tools.

“Through this partnership, we are uniting the expertise of two of Oregon’s most respected financial institutions. Like Umpqua Bank, Ferguson Wellman is committed both to its clients’ financial success and to the communities it serves – this is a perfect match,” said Ray Davis, president and chief executive of Umpqua Bank.

Umpqua Bank's wealth management division, which includes the company’s retail brokerage, Umpqua Investments, launched in January. Umpqua Private Bank, which serves clients with $3 million in net worth and $1 million in investable assets, was launched in September.

Ferguson Wellman services more than 520 clients throughout the Pacific Northwest and manages approximately $2.2 billion in assets.