AGREEMENT AND PLAN OF REORGANIZATION by and among Umpqua Holdings Corporation, Umpqua Bank, Western Sierra Bancorp, Auburn Community Bank, Central California Bank, Lake Community Bank, and Western Sierra National Bank February 7, 2006Agreement and Plan of Reorganization • February 8th, 2006 • Umpqua Holdings Corp • Savings institution, federally chartered • Oregon
This Agreement and Plan of Reorganization is entered into effective this 7th day of February, 2006 (this "Agreement"), by and among Umpqua Holdings Corporation ("Umpqua"), Umpqua Bank ("Umpqua Bank"), Western Sierra Bancorp ("WSB"), Auburn Community Bank ("ACB"), Central California Bank ("CCB"), Lake Community Bank ("LCB") and Western Sierra National Bank ("WSNB"). ACB, CCB, LCB and WSNB are collectively referred to herein as the "WSB Banks".
