Umpqua Bank Coming to San Jose

Oregon based Umpqua Bank is planning to open 6-8 locations in Silicon Valley, and the first will be a 3,000+ sqft branch in Downtown San Jose. With $11.5 billion in assets, they are actually much larger than most of the other business-oriented banks in Silicon Valley like Fremont Bank ($2.5B). They also have some unique marketing strategies such as free cappuccinos in their branches and handing out free treats from their own ice cream trucks. The Downtown San Jose branch should be open by early 2012.

For more info, pick up a copy of the San Jose Business Journal and turn to page 5 (sorry no hyperlink for this one).