Raymond James Financial Institutions Division welcomes new $3 billion program with Umpqua Bank

ST. PETERSBURG, Fla. – Raymond James welcomed a team of 50 financial professionals from Columbia Wealth Advisors (CWA), located at Umpqua Bank, to its Financial Institutions Division (FID) – according to Stephen Kruchten, senior vice president and FID national director. Through this new alignment, the group will offer their clients investment and wealth management services through Raymond James Financial Services, Inc.

Headquartered in Lake Oswego, Oregon, Umpqua Bank has offices throughout Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington. CWA manages approximately $3 billion in client assets, serving both businesses and individuals. They were previously affiliated with Cetera Investment Services.

"It is with great pride that we welcome this outstanding group of advisors and professionals to Raymond James," said Kruchten. "Entering this new relationship, it was abundantly clear the profound respect that Columbia Wealth Advisors and Umpqua Bank have for exceptional client service. We're confident they and their clients stand to benefit from Raymond James' comprehensive investment platform, cutting-edge technology and unwavering commitment to the client-advisor relationship."

The team of advisors includes Rhonda Arnett, Brooke Baker, Harold Boucher, Sean Breen, John Brunk, Shane Boehm, Kurt Chase, Carleen Dunagan, Devon Dunagan, Jacob Dusek, Tom Godwin, Patrick Hale, Drew Henrickson, Michael Henson, Ken Hughie, Amy Jamison, Rilee Johnson, Will Moran, Jennifer Morehouse, Diana Ortiz, Bob Reineke, Nori Roman, Jeff Schlenker, Adriane Shaw, Jane Sobottka, Josh Sternberg and Edward Ventham. They are joined by legacy and risk consultant Debora Dinehart and wealth planning manager Merry Dooley.

"When we began our due diligence process, we had a primary focus: find an ideal partner for our team of dedicated financial professionals. We needed a client-focused partner with the technical skills and resources available so we could be confident that neither the team nor our clients' needs would ever outgrow the relationship," said Stephen Poole, CWS^®, senior vice president and managing director of CWA. "Thinking very long term for both our clients and the team, for Columbia Wealth Advisors, there was a clear front runner in Raymond James, and I personally cannot wait for our team and our clients to see the benefits of this new partnership."

About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.

About Raymond James Financial Services
Raymond James Financial Services, Inc. (RJFS), member FINRA/SIPC, is a financial services firm supporting independent financial advisors nationwide. Since 1974, RJFS provides a wide range of investment and wealth planning-related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both firms are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), one of the nation's premier diversified financial services companies with approximately 8,700 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.30 trillion as of Aug. 31, 2023. Additional information is available at raymondjames.com.

About Umpqua Bank Umpqua Bank is a subsidiary of Columbia Banking System Inc., (Nasdaq: COLB) and a premier regional bank in the Western U.S., with offices in Oregon, Washington, California, Idaho, Nevada, Utah, Arizona and Colorado. With over $50 billion of assets, Umpqua combines the resources, sophistication and expertise of a national bank with a commitment to deliver personalized service at scale. The bank consistently ranks as one of America's Best Banks (ranked by Forbes) and supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; equipment leasing; and wealth management. The bank's corporate headquarters are located in Lake Oswego, Oregon. Learn more at https://www.umpquabank.com.

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Umpqua Bank and Columbia Wealth Advisors are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.