This excerpt taken from the UMPQ 8-K filed Jun 8, 2005.
UMPQUA HOLDINGS ANNOUNCES EXPANSION OF STOCK REPURCHASE PROGRAM PORTLAND, Ore. - June 8, 2005 - Umpqua Holdings Corporation (NASDAQ: UMPQ), parent company of Umpqua Bank and Strand, Atkinson, Williams & York, Inc., today announced that its Board of Directors has approved an amendment to its current stock repurchase program. The amendment increases the number of common shares that may be repurchased under the program from 1.5 million to 2.5 million shares. Under the amendment, the repurchase authorization is now set to expire June 30, 2007. The amendment does not specify the timing of purchases or the prices to be paid.
Prior to May 31, 2005, the Company repurchased a total of 414,482 shares of common stock under the existing share repurchase program. Therefore, the Company may repurchase an additional 2,085,518 shares of common stock under the plan, as amended.