Bank waives up to $10,000 in financing costs for home rebuilding, renovation

PORTLAND, Ore., (October 29, 2020) – Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced today it will provide additional financial relief to homeowners impacted by wildfires seeking to rebuild, renovate or purchase a new home.

In West Coast Communities declared federal disaster areas by the Federal Emergency Management Agency, Umpqua is waiving the loan origination fee up to $10,000 for impacted homeowners renovating or rebuilding their home. The bank estimates that most eligible homeowners will save between $2,000 and $5,000, depending on their home’s total cost. For impacted homeowners with loans serviced by Umpqua in designated areas, the bank will also waive any bank fees associated with purchasing another home.

“The devastation in some of our communities is staggering and almost unimaginable. As the hard work of recovery continues, we want our friends, neighbors and associates to know that we’re committed for the long haul,” said Umpqua Bank CEO Cort O’Haver. “Every little bit of support, financial or otherwise, is needed and helps those struggling to rebuild what was lost.”

Today’s announcement marks an expansion of Umpqua’s Wildfire Relief Program as wildfires in California have forced thousands of people to evacuate their homes this week. The program was initially launched last month to help communities across Oregon, Washington and California recover from devastating wildfires that consumed more than 5 million acres and resulted in more than 30 deaths across the region.

As part of that launch, the bank announced $750,000 in funding to support impacted communities and small businesses. Umpqua also activated a Mortgage Relief program, as well as its Disaster Relief Loan Program to provide households access to cash quickly and help them recover financially.

For more information on relief for homeowners impacted by the wildfires, visit: https://www.umpquabank.com/blog/disaster-relief-loans-fires/

About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California and Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for eight years in a row on FORTUNE magazine's list of the country's "100 Best Companies to Work For," and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the fifteenth consecutive year. In addition to its retail banking presence, Umpqua Bank also owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to businesses.
 

SPRINGFIELD, Ore. – Lung cancer is the leading cause of cancer deaths worldwide, in part because it shows no symptoms early on and by the time it is diagnosed it has spread to other parts of the body. More than 90 percent of patients diagnosed with lung cancer do not survive the disease.

To improve the outlook for our lung cancer patients, PeaceHealth Sacred Heart Medical Center at RiverBend is embracing innovative technology.

“RiverBend is proud to be the first medical center in the Pacific Northwest to use the Monarch™ Platform to enable earlier and less invasive diagnosis of lung cancer,” said Todd Salnas, chief operating officer for PeaceHealth’s Oregon network. “This latest addition to RiverBend’s suite of robotic tools underscores PeaceHealth’s commitment to finding new ways to diagnose and treat illness to better serve our patients and communities. Our commitment to innovation has remained steadfast even through the COVID-19 pandemic.” 

The Monarch at RiverBend is the first in Oregon, Washington and Idaho, and one of 60 in use throughout the United States, according to the manufacturer Auris Health, which is based in Redwood City, Calif.

“Detecting and diagnosing lung cancer early is critical to improving survival,” said Dr. Karthik Mahadevan, with Oregon Lung Specialists LLC, who will start using the Monarch system on Tuesday, Oct. 27, in RiverBend’s endoscopy suite.

“Traditionally, lung cancer has been diagnosed using standard bronchoscopes, needle aspiration or surgery, but those methods have limits due to accuracy, safety or invasiveness,” he said. “The Monarch system enables an earlier, less-invasive diagnosis and a more hopeful future for our patients.”  

Cleared by the U.S. Food and Drug Administration in 2018, the Monarch Platform blends the latest advancements in robotics, software, data science and endoscopy (the use of small cameras and tools to enter the body through its natural openings.) 

Medical images of the patient’s lungs are loaded into the Monarch’s planning software to chart a path to a potentially malignant nodule. The physician then uses a controller-like device to navigate a flexible robotic endoscope through the patient’s throat and into the lungs to obtain a tissue sample for biopsy. This technology can locate even hard-to-reach nodules in the outermost branches of the lungs. During the entire procedure, images captured by a tiny camera on the tip of the endoscope are displayed on a screen to help guide the physician. Watch this video to better visualize the technology.  

About PeaceHealth: PeaceHealth, based in Vancouver, Wash., is a not-for-profit Catholic health system offering care to communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, a group practice with more than 900 providers and 10 medical centers serving both urban and rural communities throughout the Northwest. In 1890, the Sisters of St. Joseph of Peace founded what has become PeaceHealth. The Sisters shared expertise and transferred wisdom from one medical center to another, always finding the best way to serve the unmet need for healthcare in their communities. Today, PeaceHealth is the legacy of the founding Sisters and continues with a spirit of respect, stewardship, collaboration and social justice in fulfilling its Mission. Visit us online at peacehealth.org.