Umpqua Holdings in Portland, Ore., has opened a commercial real estate lending office in Denver.
The $30.1 billion-asset company said in a press release Tuesday that it had opened the office after hiring Todd Grover as its Colorado market leader.
“Todd is a tremendous CRE professional with a strong reputation for his leadership, customer-focused service and experience as a trusted adviser to his clients,” Neil Hodge, Umpqua’s head of commercial real estate, said in the release.
“Umpqua is thrilled to hire Todd to lead our expansion and leverage our size, resources, and expertise for property owners and development companies seeking to support the vitality and growth in Denver, Phoenix and other Mountain West communities,” Hodge added.
Grover recently served as a market executive for BBVA USA, leading teams that structured CRE deals in cities such as Denver, Chicago, Dallas, Houston, Los Angeles, Phoenix and San Francisco.
Earlier this year, Umpqua hired Shawn Thompson to head its middle market banking division in Colorado.