Bank hires Denver-based CRE leader Todd Grover as part of Mountain West growth
strategy
PORTLAND, Ore., Aug. 23,
2022 /PRNewswire/ -- Umpqua Bank, a subsidiary of
Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the
expansion of its commercial real estate (CRE) division into
Colorado with the hiring of
Todd Grover as senior vice president
and market leader to lead and build the bank's Denver-based CRE team. Grover is one of
Colorado's top commercial real
estate leaders with more than 25 years of industry experience.
According to Neil Hodge,
executive vice president and head of commercial real estate at
Umpqua Bank, Grover's addition reflects Umpqua's continued strategic priority to grow
its presence in Denver and build a
best-in-class banking experience for companies across the Mountain
West region.
"Todd is a tremendous CRE professional with a strong reputation
for his leadership, customer-focused service and experience as a
trusted advisor to his clients," said Hodge. "As one of the West's
strongest banks, Umpqua is
thrilled to hire Todd to lead our expansion and leverage our size,
resources, and expertise for property owners and development
companies seeking to support the vitality and growth in
Denver, Phoenix and other Mountain West
communities."
Grover brings to Umpqua a
record of leadership success that includes building teams
generating annual loan originations in excess of $1 billion. Most recently, Grover served as
market executive for BBVA USA,
leading teams that structured commercial real estate financing
transactions in major markets including Denver, Chicago, Dallas, Houston, Los
Angeles, Phoenix, and
San Francisco. Volume included
transactions for apartments, industrial, retail, office, medical
office, and triple-net leased properties. Throughout his career,
Grover has applied his expertise to create custom financing
solutions for clients, with financing typically ranging from
$15 million to $70 million per project for a variety of needs,
including construction, acquisition, bridge and term loans.
Today's announcement marks the growth of Umpqua's expansion into Colorado that includes the hire of
Shawn Thompson earlier this year to
head its middle market banking division in the region.
"Umpqua is excited to be a part
of Denver's vibrant business
community and economy. We look forward to contributing to the
prosperity of communities across the Western U.S.," said Umpqua
Bank President Tory Nixon. "We're
focused on attracting top banking talent passionate about providing
high-growth, commercial enterprises an exceptional relationship
banking experience. Our recent leadership hires in the region and
the expansion of both our middle market banking and commercial real
estate divisions in Colorado
reflect our commitment to do just that."
Grover holds an MBA in finance from Indiana
University's Kelley School of
Business and a bachelor's degree in marketing from Michigan State University. He also has participated
in the executive development program at the University of Texas at Austin.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg,
Ore., is a subsidiary of Umpqua Holdings Corporation, and
operates across Oregon,
Washington, California, Idaho, Nevada, Arizona, and Colorado. 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 17th consecutive year. In
addition to its retail banking presence, Umpqua Bank owns Financial
Pacific Leasing, Inc., a nationally recognized commercial finance
company that provides equipment leases to small businesses.
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SOURCE Umpqua Bank