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<P align=right><B><FONT face=serif size=2>As filed with the Securities and Exchange Commission on July 23, 2007<BR>
</FONT></B><B><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration No. 333-_______</FONT></B></P>
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     <TD noWrap align=center><B><FONT face=serif size=2>UNITED STATES</FONT></B><BR>
<B><FONT face=serif size=2>SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR>
<B><FONT face=serif size=2>WASHINGTON, D.C. 20549</FONT></B><BR>
<BR>
<B><FONT face=serif size=4>FORM S-8</FONT></B><BR>
<B><FONT face=serif size=4>REGISTRATION STATEMENT</FONT></B><BR>
<B><FONT face=serif size=2>UNDER THE SECURITIES ACT OF 1933</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><B><FONT face=serif size=4>UMPQUA HOLDINGS CORPORATION</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center><B><FONT face=serif size=2>(Exact name of registrant as specified in its charter)</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap align=center width="22%"><FONT face=serif size=2>Oregon</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><FONT face=serif size=2>6022</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>93-1261319</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%"><FONT face=serif size=2>(</FONT><B><FONT face=serif size=2>State of Incorporation</FONT></B><FONT face=serif size=2>)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><FONT face=serif size=2>(</FONT><B><FONT face=serif size=2>Primary Standard Industrial</FONT></B>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>(</FONT><B><FONT face=serif size=2>IRS Employer</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><B><FONT face=serif size=2>Classification Code Number</FONT></B><FONT face=serif size=2>)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><B><FONT face=serif size=2>Identification No.</FONT></B><FONT face=serif size=2>)</FONT>&nbsp; </TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><FONT face=serif size=2>One SW Columbia Street, Suite 1200, Portland, Oregon 97258</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%">&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
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     <TD noWrap align=center width="55%"><FONT face=serif size=2>(503) 727-4100</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%">&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><FONT face=serif size=2>(</FONT><B><FONT face=serif size=2>Address of Principal Executive Offices</FONT></B><FONT face=serif size=2>)</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%">&nbsp; </TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><FONT face=serif size=2>2007 Long Term Incentive Plan</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%">&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
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     <TD noWrap align=center width="55%"><FONT face=serif size=2>Umpqua Bank 401(k) and Profit Sharing Plan</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%">&nbsp; </TD></TR>
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     <TD noWrap align=center width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%"><FONT face=serif size=2>(</FONT><B><FONT face=serif size=2>Full title of the plans</FONT></B><FONT face=serif size=2>)</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="18%">&nbsp; </TD></TR></TABLE><BR>
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     <TD noWrap align=center><FONT face=serif size=2>Steven L. Philpott, Executive Vice President, General Counsel and Secretary</FONT><BR>
<FONT face=serif size=2>Umpqua Holdings Corporation</FONT><BR>
<FONT face=serif size=2>675 Oak Street, Suite 200; PO Box 1560</FONT><BR>
<FONT face=serif size=2>Eugene, Oregon 97440</FONT><BR>
<FONT face=serif size=2>(541) 434-2997</FONT><BR>
<FONT face=serif size=2>(</FONT><B><FONT face=serif size=2>Name, Address and Telephone Number of Agent for Service</FONT></B><FONT face=serif size=2>)</FONT></TD></TR></TABLE></P>
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     <TD align=center width="97%" colSpan=9><FONT face=serif size=2>With a copy to:</FONT> </TD></TR>
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     <TD align=center width="97%" colSpan=9><FONT face=serif size=2>Andrew H. Ognall, Esq.</FONT> </TD></TR>
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     <TD align=center width="97%" colSpan=9><FONT face=serif size=2>Foster Pepper LLP</FONT> </TD></TR>
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     <TD align=center width="97%" colSpan=9><FONT face=serif size=2>601 SW Second Avenue, Suite 1800</FONT> </TD></TR>
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     <TD align=center width="97%" colSpan=9><FONT face=serif size=2>Portland, Oregon 97204</FONT> </TD></TR>
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     <TD align=center width="97%" colSpan=9><FONT face=serif size=2>(503) 221-0607</FONT> </TD></TR>
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     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
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     <TD align=center width="97%" colSpan=9><B><FONT face=serif size=2>CALCULATION OF REGISTRATION FEE</FONT></B> </TD></TR>
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     <TD noWrap align=center width="21%"><FONT face=serif size=2>Title of Each Class of</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="19%"><FONT face=serif size=2>Amount to be Registered</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>Proposed Maximum</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>Proposed Maximum</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="13%"><FONT face=serif size=2>Amount of</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="21%"><FONT face=serif size=2>Securities to be Registered</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>Offering Price per Unit</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>Aggregate Offering Price</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="13%"><FONT face=serif size=2>Registration Fee </FONT><SUP><FONT face=serif size=2>(3)</FONT></SUP>&nbsp; </TD></TR>
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     <TD noWrap align=left width="21%"><I><FONT face=serif size=2>Common Stock, no par value,</FONT></I>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="19%"><FONT face=serif size=2>1,000,000 </FONT><SUP><FONT face=serif size=2>(1)</FONT></SUP>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>$20.955</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>$20,955,000</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="13%"><FONT face=serif size=2>$643.32</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="21%"><I><FONT face=serif size=2>under the 2007 Long Term</FONT></I>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD></TR>
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     <TD noWrap align=left width="21%"><I><FONT face=serif size=2>Incentive Plan</FONT></I>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD></TR>
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     <TD noWrap align=left width="21%"><I><FONT face=serif size=2>Plan interests in the Umpqua</FONT></I>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="19%"><FONT face=serif size=2>Indeterminate </FONT><SUP><FONT face=serif size=2>(2)</FONT></SUP>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>N/A</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=serif size=2>N/A</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="13%"><FONT face=serif size=2>N/A</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="21%"><I><FONT face=serif size=2>Bank 401(k) and Profit</FONT></I>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD></TR>
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     <TD noWrap align=left width="21%"><I><FONT face=serif size=2>Sharing Plan</FONT></I>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD></TR>
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     <TD width="97%" colSpan=9>
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     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Pursuant to Rule 416, this Registration Statement also covers an indeterminate number of additional shares that may be issuable as a result of the anti-dilution provisions of the 2007 Long Term Incentive Plan.</FONT> </TD></TR>
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     <TD colSpan=2>&nbsp;</TD></TR>
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     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Pursuant to Rule 416, this Registration Statement also covers an indeterminate amount of interests to be offered or sold pursuant to the 401K Plan described herein. In accordance with Rule 457(h)(2), no fee calculations are made for plan interests.</FONT> </TD></TR>
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     <TD colSpan=2>&nbsp;</TD></TR>
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     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The proposed maximum aggregate offering price was estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) under the Securities Act of 1933, as amended.</FONT> </TD></TR>
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     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
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<P align=center><B><FONT face=serif size=2>PART II</FONT></B></P>
<P align=center><B><FONT face=serif size=2>INFORMATION NOT REQUIRED IN PROSPECTUS</FONT></B></P>
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     <TD noWrap><B><FONT face=serif size=2>Item 3. Incorporation of Documents by Reference.</FONT></B></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The following documents filed with the Securities and Exchange Commission (&#147;SEC&#148;) are incorporated by reference in this registration statement:</FONT></P>
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     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Umpqua&#146;s Annual Report on Form 10-K for the year ended December 31, 2006, filed March 1, 2007 and, with respect to the Umpqua Bank 401(k) and Profit Sharing Plan, the Annual Report on Form 11-K for the year ended December 31, 2006, filed July 23, 2007.</FONT> </TD></TR>
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     <TD colSpan=2>&nbsp;</TD></TR>
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     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Umpqua&#146;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 filed May 8, 2007 and Umpqua&#146;s Current Reports on Form 8-K filed June 7, May 30, May 16, April 27, April 20, April 19 (Item 8.01), April 12, March 14 and January 18, 2007.</FONT> </TD></TR>
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     <TD colSpan=2>&nbsp;</TD></TR>
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     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The description of common stock contained in the Form 8-K filed May 30, 2007 for the purposes of updating the description of common stock contained in the registration statement on Form 10 filed by Umpqua Bank (formerly known as South Umpqua Bank) pursuant to Section 12 of the Exchange Act with the FDIC on February 6, 1998, and any amendment or reports filed for the purpose of updating that description. On March 19, 1999, Umpqua filed notice on Form 8-K12G3 that pursuant to Rule 12g-3(a) Umpqua is the successor issuer to Umpqua Bank and the common stock of Umpqua was deemed to be registered pursuant to section 12(g) of the Securities Exchange Act of 1934.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in the registration statement and to be part thereof from the date of filing of such documents.</FONT></P>
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     <TD noWrap><B><FONT face=serif size=2>Item 4. Description of Securities.</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap><FONT face=serif size=2>Not applicable.</FONT></TD></TR></TABLE></P>
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     <TD noWrap><B><FONT face=serif size=2>Item 5. Interests of Named Experts and Counsel.</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>Foster Pepper LLP, special counsel to the registrant, is passing upon the validity of the common stock being registered. A partner of Foster Pepper LLP participating in the preparation of this Registration Statement owns approximately 10,000 shares of common stock.</FONT></P>
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     <TD noWrap><B><FONT face=serif size=2>Item 6. Indemnification of Directors and Officers.</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>As an Oregon corporation, Umpqua is subject to the provisions of the Oregon Business Corporation Act (the &#147;OBCA&#148;). The OBCA permits a corporation to indemnify an individual who is made a party to a proceeding because such individual is or was a director of the corporation against liability incurred in the proceeding if:</FONT></P>
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<LI><FONT face=serif size=2>His or her conduct was in good faith;</FONT>
<LI><FONT face=serif size=2>He or she reasonably believed that his or her conduct was in the corporation's best interest, or at least</FONT> <FONT face=serif size=2>not opposed to the corporation&#146;s best interests; and</FONT>
<LI><FONT face=serif size=2>In the case of a criminal proceeding, he or she had no reasonable cause to believe his or her conduct</FONT> <FONT face=serif size=2>was unlawful.</FONT> </LI></UL>
<P align=left><FONT face=serif size=2>Unless a corporation&#146;s articles of incorporation provide otherwise, indemnification is mandatory if the director is wholly successful on the merits or otherwise in such a proceeding, or if a court of competent jurisdiction orders the corporation to indemnify the director. Umpqua&#146;s articles of incorporation do not limit the statutory right to indemnification.</FONT></P>
<P align=center><FONT face=serif>2</FONT></P>
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<P align=left><FONT face=serif size=2>Under the OBCA, a corporation may not, however, indemnify the individual if the individual was adjudged liable:</FONT></P>
<UL>
<LI><FONT face=serif size=2>to the corporation in a proceeding by or in the right of the corporation; or</FONT>
<LI><FONT face=serif size=2>in any proceeding charging improper personal benefit on the basis that he or she improperly received a</FONT> <FONT face=serif size=2>personal benefit.</FONT> </LI></UL>
<P align=left><FONT face=serif size=2>The OBCA also provides that a corporation&#146;s articles of incorporation may limit or eliminate the personal liability of a director to the corporation or its shareholders for monetary damages for conduct as a director, provided that no such provision shall eliminate the liability of a director for:</FONT></P>
<UL>
<LI><FONT face=serif size=2>any breach of the directors&#146; duty of loyalty to the corporation or its shareholders;</FONT>
<LI><FONT face=serif size=2>acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of</FONT> <FONT face=serif size=2>law;</FONT>
<LI><FONT face=serif size=2>any unlawful distribution; or</FONT>
<LI><FONT face=serif size=2>any transaction from which the director derived an improper personal benefit.</FONT> </LI></UL>
<P align=left><FONT face=serif size=2>Umpqua&#146;s articles of incorporation provide that we will indemnify our directors and officers against reasonable expenses (including attorney fees), judgments, fines, penalties, excise taxes or settlement payments incurred or suffered by reason of service as a director or officer or at Umpqua&#146;s request as a director, officer, partner or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. </FONT></P>
<P align=left><FONT face=serif size=2>Umpqua&#146;s articles of incorporation limit monetary liability of our directors for their conduct as directors to the fullest extent permitted under the OBCA. If the OBCA is amended to further limit the directors&#146; liability, Umpqua&#146;s articles would incorporate such amendment on its effective date. </FONT></P>
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     <TD noWrap><B><FONT face=serif size=2>Item 7. Exemption from Registration Claimed.</FONT></B></TD></TR></TABLE></P>
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     <TD noWrap><FONT face=serif size=2>Not applicable.</FONT><BR>
<BR>
<B><FONT face=serif size=2>Item 8. Exhibits.</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>The exhibits to this registration statement are listed in the Exhibit Index, which immediately follows the signature pages hereto.</FONT></P>
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     <TD noWrap><B><FONT face=serif size=2>Item 9. Undertakings</FONT></B></TD></TR></TABLE></P>
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     <TD width=36>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>The undersigned registrant hereby undertakes:</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;<FONT face=serif size=2>(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration</FONT></P>
<P align=center><FONT face=serif>3</FONT></P>
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<P align="left">
<FONT size=2 face="serif">statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or controlling persons of the registrant pursuant to the foregoing
provisions, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than payment by the registrant of expenses incurred or paid by a director, officer or controlling person of such registrant in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </FONT></P>
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<FONT face="serif">4</FONT></P>

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<B><FONT size=2 face="serif">SIGNATURES</FONT></B></TD></TR></TABLE>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and
has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Portland, State of Oregon, on this 20</FONT><SUP><FONT size=2 face="serif">th </FONT></SUP><FONT size=2 face="serif">day of July, 2007.</FONT></P>
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<FONT size=2 face="serif">UMPQUA HOLDINGS CORPORATION</FONT></TD></TR></TABLE>
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<FONT size=2 face="serif">By:</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Raymond P. Davis</FONT>&nbsp;
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<FONT size=2 face="serif">Raymond P. Davis</FONT>&nbsp;
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<FONT size=2 face="serif">President and Chief Executive Officer</FONT>&nbsp;
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby authorizes and appoints Raymond P. Davis and Steven L. Philpott his or her attorneys-in-fact, for him or
her in any and all capacities, to sign any amendments to this registration statement on Form S-8, and to file the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying
and confirming all that said attorneys-in-fact, or their substitute, may do or cause to be done by virtue hereof.</FONT></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</FONT></P>
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<FONT size=2 face="serif">/s/ Raymond P. Davis</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 20, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Raymond P. Davis, Director,</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Ronald L. Farnsworth</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 20, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Ronald L. Farnsworth, Senior Vice President/Finance</FONT>&nbsp;
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<FONT size=2 face="serif">Principal Financial Officer</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Neal T. McLaughlin</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 18, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Neal T. McLaughlin, Senior Vice President/Controller</FONT>&nbsp;
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<FONT size=2 face="serif">Principal Accounting Officer</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Ronald F. Angell</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 18, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Ronald F. Angell, Director</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Scott D. Chambers</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 20, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Scott D. Chambers, Director</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Allyn C. Ford</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 18, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Allyn C. Ford, Director</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ David B. Frohnmayer</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 18, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">David B. Frohnmayer, Director</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Stephen Gambee</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 20, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Stephen Gambee, Director</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ Dan Giustina</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 18, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">Dan Giustina, Director</FONT>&nbsp;
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<FONT size=2 face="serif">/s/ William Lansing</FONT>&nbsp;
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<FONT size=2 face="serif">Date: July 18, 2007</FONT>&nbsp;
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<FONT size=2 face="serif">William Lansing, Director</FONT>&nbsp;
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     <TD noWrap align=left width="50%"><FONT face=serif size=2>/s/ Theodore S. Mason</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="39%"><FONT face=serif size=2>Date: July 18, 2007</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="50%"><FONT face=serif size=2>Theodore S. Mason, Director</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="50%"><FONT face=serif size=2>/s/ Diane D. Miller</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="39%"><FONT face=serif size=2>Date: July 20, 2007</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="50%"><FONT face=serif size=2>Diane D. Miller, Director</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="50%"><FONT face=serif size=2>/s/ Bryan L. Timm</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="39%"><FONT face=serif size=2>Date: July 18, 2007</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="50%"><FONT face=serif size=2>Bryan L. Timm, Director</FONT>&nbsp; </TD>
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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Pursuant to the requirements of the Securities Act of 1933, the persons who administer the Umpqua Bank 401(k) and Profit Sharing Plan have duly caused this registration statement to be signed on their behalf by the undersigned, thereunto duly authorized, in the City of Portland, State of Oregon on this 20</FONT><SUP><FONT face=serif size=2>th </FONT></SUP><FONT face=serif size=2>day of July 2007.</FONT></P>
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     <TD noWrap align=left width="83%"><FONT face=serif size=2>UMPQUA BANK 401(K) AND PROFIT SHARING</FONT></TD></TR>
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     <TD noWrap align=left width="14%"><FONT face=serif size=2>By:</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="83%"><FONT face=serif size=2>/s/ Steven L. Philpott</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="83%"><FONT face=serif size=2>Steven L. Philpott</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="83%"><FONT face=serif size=2>Chairman of the Umpqua Bank 401(k)</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="14%">&nbsp;</TD>
     <TD noWrap align=left width="14%">&nbsp;</TD>
     <TD noWrap align=left width="14%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="83%"><FONT face=serif size=2>Advisory Committee, Plan Administrator</FONT>&nbsp; </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>EXHIBIT INDEX</FONT></B></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><B><FONT face=serif size=2>Exhibits</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>2007 Long Term Incentive Plan (incorporated by reference to Appendix B to Umpqua&#146;s Definitive Proxy Statement for the 2007 Annual Meeting of Shareholders, filed March 14, 2007)</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2><a href="s8uhcex51fp.htm">5.1</a></FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2><a href="s8uhcex51fp.htm">Opinion of Foster Pepper LLP</a></FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><a href="s8uhcex52irs.htm"><FONT face=serif size=2>5.2</FONT>&nbsp;</a> &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2><a href="s8uhcex52irs.htm">Copy of the Internal Revenue Service determination letter</a></FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>
		<a href="s8uhcex231deloitte.htm">23.1</a></FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2><a href="s8uhcex231deloitte.htm">Consent of Deloitte &amp; Touche LLP</a></FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2><a href="s8uhcex232moss.htm">23.2</a></FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2><a href="s8uhcex232moss.htm">Consent of Moss Adams LLP</a></FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>23.3</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Consent of Foster Pepper LLP (included in Exhibit 5.1)</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>24</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Power of Attorney (contained on signature page)</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=center><FONT face=serif>6</FONT></P>
<HR align=center width="100%" noShade SIZE=3>

</BODY>

</HTML>
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s8uhc401kltipln.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
As filed with the Securities and Exchange Commission on July 23, 2007
Registration No. 333-_______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
UMPQUA HOLDINGS CORPORATION
(Exact name of registrant as specified in its charter)
Oregon
6022
93-1261319
(
State of Incorporation
)
(
Primary Standard Industrial
(
IRS Employer
Classification Code Number
)
Identification No.
)
One SW Columbia Street, Suite 1200, Portland, Oregon 97258
(503) 727-4100
(
Address of Principal Executive Offices
)
2007 Long Term Incentive Plan
Umpqua Bank 401(k) and Profit Sharing Plan
(
Full title of the plans
)
Steven L. Philpott, Executive Vice President, General Counsel and Secretary
Umpqua Holdings Corporation
675 Oak Street, Suite 200; PO Box 1560
Eugene, Oregon 97440
(541) 434-2997
(
Name, Address and Telephone Number of Agent for Service
)
With a copy to:
Andrew H. Ognall, Esq.
Foster Pepper LLP
601 SW Second Avenue, Suite 1800
Portland, Oregon 97204
(503) 221-0607
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Amount to be Registered
Proposed Maximum
Proposed Maximum
Amount of
Securities to be Registered
Offering Price per Unit
Aggregate Offering Price
Registration Fee
(3)
Common Stock, no par value,
1,000,000
(1)
$20.955
$20,955,000
$643.32
under the 2007 Long Term
Incentive Plan
Plan interests in the Umpqua
Indeterminate
(2)
N/A
N/A
N/A
Bank 401(k) and Profit
Sharing Plan
(1)
Pursuant to Rule 416, this Registration Statement also covers an indeterminate number of additional shares that may be issuable as a result of the anti-dilution provisions of the 2007 Long Term Incentive Plan.
(2)
Pursuant to Rule 416, this Registration Statement also covers an indeterminate amount of interests to be offered or sold pursuant to the 401K Plan described herein. In accordance with Rule 457(h)(2), no fee calculations are made for plan interests.
(3)
The proposed maximum aggregate offering price was estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) under the Securities Act of 1933, as amended.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Securities and Exchange Commission ("SEC") are incorporated by reference in this registration statement:
(a)
Umpqua's Annual Report on Form 10-K for the year ended December 31, 2006, filed March 1, 2007 and, with respect to the Umpqua Bank 401(k) and Profit Sharing Plan, the Annual Report on Form 11-K for the year ended December 31, 2006, filed July 23, 2007.
(b)
Umpqua's Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 filed May 8, 2007 and Umpqua's Current Reports on Form 8-K filed June 7, May 30, May 16, April 27, April 20, April 19 (Item 8.01), April 12, March 14 and January 18, 2007.
(c)
The description of common stock contained in the Form 8-K filed May 30, 2007 for the purposes of updating the description of common stock contained in the registration statement on Form 10 filed by Umpqua Bank (formerly known as South Umpqua Bank) pursuant to Section 12 of the Exchange Act with the FDIC on February 6, 1998, and any amendment or reports filed for the purpose of updating that description. On March 19, 1999, Umpqua filed notice on Form 8-K12G3 that pursuant to Rule 12g-3(a) Umpqua is the successor issuer to Umpqua Bank and the common stock of Umpqua was deemed to be registered pursuant to section 12(g) of the Securities Exchange Act of 1934.
All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in the registration statement and to be part thereof from the date of filing of such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Foster Pepper LLP, special counsel to the registrant, is passing upon the validity of the common stock being registered. A partner of Foster Pepper LLP participating in the preparation of this Registration Statement owns approximately 10,000 shares of common stock.
Item 6. Indemnification of Directors and Officers.
As an Oregon corporation, Umpqua is subject to the provisions of the Oregon Business Corporation Act (the "OBCA"). The OBCA permits a corporation to indemnify an individual who is made a party to a proceeding because such individual is or was a director of the corporation against liability incurred in the proceeding if:
His or her conduct was in good faith;
He or she reasonably believed that his or her conduct was in the corporation's best interest, or at least
not opposed to the corporation's best interests; and
In the case of a criminal proceeding, he or she had no reasonable cause to believe his or her conduct
was unlawful.
Unless a corporation's articles of incorporation provide otherwise, indemnification is mandatory if the director is wholly successful on the merits or otherwise in such a proceeding, or if a court of competent jurisdiction orders the corporation to indemnify the director. Umpqua's articles of incorporation do not limit the statutory right to indemnification.
2
Under the OBCA, a corporation may not, however, indemnify the individual if the individual was adjudged liable:
to the corporation in a proceeding by or in the right of the corporation; or
in any proceeding charging improper personal benefit on the basis that he or she improperly received a
personal benefit.
The OBCA also provides that a corporation's articles of incorporation may limit or eliminate the personal liability of a director to the corporation or its shareholders for monetary damages for conduct as a director, provided that no such provision shall eliminate the liability of a director for:
any breach of the directors' duty of loyalty to the corporation or its shareholders;
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of
law;
any unlawful distribution; or
any transaction from which the director derived an improper personal benefit.
Umpqua's articles of incorporation provide that we will indemnify our directors and officers against reasonable expenses (including attorney fees), judgments, fines, penalties, excise taxes or settlement payments incurred or suffered by reason of service as a director or officer or at Umpqua's request as a director, officer, partner or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.
Umpqua's articles of incorporation limit monetary liability of our directors for their conduct as directors to the fullest extent permitted under the OBCA. If the OBCA is amended to further limit the directors' liability, Umpqua's articles would incorporate such amendment on its effective date.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The exhibits to this registration statement are listed in the Exhibit Index, which immediately follows the signature pages hereto.
Item 9. Undertakings
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration
3
statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or controlling persons of the registrant pursuant to the foregoing
provisions, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than payment by the registrant of expenses incurred or paid by a director, officer or controlling person of such registrant in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and
has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Portland, State of Oregon, on this 20
th
day of July, 2007.
UMPQUA HOLDINGS CORPORATION
By:
/s/ Raymond P. Davis
Raymond P. Davis
President and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby authorizes and appoints Raymond P. Davis and Steven L. Philpott his or her attorneys-in-fact, for him or
her in any and all capacities, to sign any amendments to this registration statement on Form S-8, and to file the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying
and confirming all that said attorneys-in-fact, or their substitute, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
By:
/s/ Raymond P. Davis
Date: July 20, 2007
Raymond P. Davis, Director,
Chief Executive Officer/President
By:
/s/ Ronald L. Farnsworth
Date: July 20, 2007
Ronald L. Farnsworth, Senior Vice President/Finance
Principal Financial Officer
By:
/s/ Neal T. McLaughlin
Date: July 18, 2007
Neal T. McLaughlin, Senior Vice President/Controller
Principal Accounting Officer
By:
/s/ Ronald F. Angell
Date: July 18, 2007
Ronald F. Angell, Director
By:
/s/ Scott D. Chambers
Date: July 20, 2007
Scott D. Chambers, Director
By:
/s/ Allyn C. Ford
Date: July 18, 2007
Allyn C. Ford, Director
By:
/s/ David B. Frohnmayer
Date: July 18, 2007
David B. Frohnmayer, Director
By:
/s/ Stephen Gambee
Date: July 20, 2007
Stephen Gambee, Director
By:
/s/ Dan Giustina
Date: July 18, 2007
Dan Giustina, Director
By:
/s/ William Lansing
Date: July 18, 2007
William Lansing, Director
5
By:
/s/ Theodore S. Mason
Date: July 18, 2007
Theodore S. Mason, Director
By:
/s/ Diane D. Miller
Date: July 20, 2007
Diane D. Miller, Director
By:
/s/ Bryan L. Timm
Date: July 18, 2007
Bryan L. Timm, Director
Pursuant to the requirements of the Securities Act of 1933, the persons who administer the Umpqua Bank 401(k) and Profit Sharing Plan have duly caused this registration statement to be signed on their behalf by the undersigned, thereunto duly authorized, in the City of Portland, State of Oregon on this 20
th
day of July 2007.
UMPQUA BANK 401(K) AND PROFIT SHARING
PLAN
By:
/s/ Steven L. Philpott
Steven L. Philpott
Chairman of the Umpqua Bank 401(k)
Advisory Committee, Plan Administrator
EXHIBIT INDEX
Exhibits
4.1
2007 Long Term Incentive Plan (incorporated by reference to Appendix B to Umpqua's Definitive Proxy Statement for the 2007 Annual Meeting of Shareholders, filed March 14, 2007)
5.1
Opinion of Foster Pepper LLP
5.2
Copy of the Internal Revenue Service determination letter
23.1
Consent of Deloitte & Touche LLP
23.2
Consent of Moss Adams LLP
23.3
Consent of Foster Pepper LLP (included in Exhibit 5.1)
24
Power of Attorney (contained on signature page)
6