Umpqua Bank will consolidate nearly 27 bank offices located within a mile of other Umpqua stores through the end of 2014, following merger with Sterling Financial.
According to the lender, store consolidations will start in September and continue through the end of 2014.
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Umpqua has sent notices to all of the customers affected by these consolidations, and will be automatically transferring customer accounts to the most convenient store, most of which are less than a mile from the previous location.
Umpqua Bank president and CEO Ray Davis said, "The decision to consolidate a limited number of store locations was one that we considered carefully from the moment we first explored merging with Sterling."
"Our consolidated footprint will provide customers with the convenience of more than 350 locations while minimizing the impact on our people, customers and communities."
The lender further said that no additional store consolidations have been finalized at this time; however, many stores are still under review for potential consolidation in 2015.
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