Tuesday, January 6, 2009

Umpqua Bank Helps Customers Go Green

Umpqua Bank, a subsidiary of Umpqua Holdings Corp. (NASDAQ: UMPQ), and Energy Trust of Oregon Inc., an independent nonprofit organization, introduced low-interest financing for energy-saving improvements and solar energy systems. Their program, GreenStreet Lending, offers financing options designed to help small businesses and homeowners manage rising energy costs by making it easier to invest in energy efficiency and renewable energy projects.

All GreenStreet Lending products offer low-interest rate financing, have no loan origination fees or closing costs, and have flexible terms. GreenStreet loan options are available to qualified borrowers on approved credit who are Oregon customers of Portland General Electric, Pacific Power, NW Natural or Cascade Natural Gas.

GreenStreet products can be paired with Energy Trust’s cash incentives and State of Oregon energy tax credits, making home and business energy improvements financially accessible to a broader market.

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