West Coast Private Bank Expands Into Bay Area

Tom Burroughes

1 August 2013

Oregon-headquartered , a subsidiary of Umpqua Holdings Corporation, is expanding into the San Francisco region, the bank announced yesterday.

The company has hired Shane Hiller, an industry veteran with more than 20 years of wealth management experience, as senior vice president and market leader. Hiller will be responsible for building Umpqua Private Bank's team in the region.

Umpqua Private Bank works with clients with more than $3 million in net worth and $1 million in investable assets.

"The Bay Area is a hub for innovative companies and individuals, and is a great fit for Umpqua's unique approach to banking. As we prepare to open our flagship store in San Francisco's financial district, we're excited to provide clients with integrated private banking, retail and commercial services," said Kelly Johnson, executive vice president for wealth management.

The appointment of Hiller is part of a series of moves by Umpqua to build its presence in the Bay Area, including the opening of a flagship store in San Jose, and its 2012 acquisition of Circle Bank.

Before joining Umpqua, Hiller was director at Citi Private Bank. His career also included senior wealth management positions at Morgan Stanley Smith Barney, Wells Fargo Private Bank and Bank of America.