Umpqua Holdings, a financial holding company and the parent company of Umpqua Bank and Umpqua Investments, has named Dave Shotwell to the newly created role of chief risk officer of Umpqua Bank.

In this new position, Shotwell will retain his role as chief credit officer and be part of the leadership team reporting to Cort O’Haver, Umpqua’s president and chief executive officer. In addition to continuing to oversee the company’s credit administration, Shotwell will assume responsibility for its enterprise risk management program, including data governance, compliance, and information security.

Adding a chief risk officer to Umpqua’s leadership team reflects the bank’s evolution as a financial institution, O’Haver said. “At $25 billion in assets, Umpqua has reached a size and market position that require a strong, integrated risk management program in order to achieve our long-term financial performance goals,” he said.

Shotwell has 35 years of diversified banking experience including 15 years with Umpqua Bank, where he has served as chief credit officer since 2015. In addition, Shotwell has lending and risk management experience in credit administration, commercial banking, consumer lending and commercial real estate finance. He has held various leadership positions with the Risk Management Association (RMA), and is currently a member of the RMA’s mid-tier bank council.

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