Item 8.01 Other Information
On April 15, 2009, the Board of Directors of Umpqua Holdings Corporation
approved the extension of the Company's share repurchase program, which was set
to expire June 30, 2009. The number of shares available for purchase under the
program remains unchanged at 1,542,945. The Company's share repurchase plan,
which was originally announced in August 2003, was set to expire June 30, 2009.
The timing and amount of future stock repurchases under the plan depend upon the
market price for the Company's common stock, securities laws restricting
repurchases, asset growth, earnings, the Company's capital plan and limitations
resulting from the Company's participation in the TARP Capital Purchase Program.
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