Online banking pushes Umpqua to close 26 branches

The financial holding company based in downtown Portland said the brick-and-mortar sites would close this summer.

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These store consolidations reflect those changes in customer behavior,” said Greg Seibly, Umpqua’s president of consumer banking.

It’s unclear how many employees will be affected or how many locations the bank is left with. Umpqua officials could not immediately be reached. The bank had 118 branches in Oregon as of the end of 2015, more than 350 in its entire five-state network.

(READ MORE: Oregon Live)

Out of the seven Umpqua Bank branches in the Eugene area, the location in The Shoppes at Gateway in Springfield is scheduled to close, according to the Register Guard.

Accounts for customers who bank at the Gateway branch will be moved to the Umpqua Bank branch on Mowhawk Boulevard in Springfield, Robinson wrote in an email. Similar consolidations are planned for the other branches set to close.

In all, the bank has more than 350 branches in Oregon, California, Idaho, Nevada and Washington. As part of the consolidation, Umpqua bank plans to close 14 branches in Oregon, eight in California, one in Idaho and three in Washington, according to Robinson. No closures are set in Nevada.

(READ MORE: Register Guard)

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