Umpqua Holdings Corporation Bank Account Or Service Complaint

Other bank product/service Account opening, closing, or management

Umpqua Holdings Corporation Bank account or service department,

Other bank product/service Account opening, closing, or management California

My wife and I invested in -, -, -, ( parent company : - ) in 2001. We purchased the stock @ $10.00 share and added more stock over the next couple of years @ $10.00 to $11.00 per share. The stock grew to over $20.00 and settled around $ -/share. One Friday morning, with no notice before, during or after, the FDIC closed the doors of the bank, turning the assets over to Umpqua Bank of -. We lost approx. $280000.00 of our retirement and never heard a word from anyone at FDIC, the bank, it 's board or anyone else. The only contact left was Umpqua who were not responsive to our requests for more information and did we have any alternatives to what happened. This destroyed our - as we are now - years old and have very limited funds. Do we have any recourse? We desperately need the money or some portion of it to sustain our lives. The closure was a few years ago now, but we only recently found out about CFPB. Please help.

Umpqua Holdings Corporation customer in California
Sep 28, 2016

* Source: CFPB Complaint Database

Umpqua Holdings Corporation response to complaint:
Closed with explanation

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