Umpqua Bank Expands Commercial Real Estate Division to Colorado, Adds Grover as SVP

Umpqua Bank expanded its commercial real estate (CRE) division into Colorado and hired Todd Grover as senior vice president and market leader to lead and build the bank’s Denver-based CRE team.

“Todd is a tremendous CRE professional with a strong reputation for his leadership, customer-focused service and experience as a trusted advisor to his clients,” Neil Hodge, executive vice president and head of commercial real estate at Umpqua Bank, said. “As one of the West’s strongest banks, Umpqua is thrilled to hire Todd to lead our expansion and leverage our size, resources and expertise for property owners and development companies seeking to support the vitality and growth in Denver, Phoenix and other Mountain West communities.”

Grover has more than 25 years of experience and has built teams generating annual loan originations in excess of $1 billion. Recently, Grover served as market executive for BBVA USA, leading teams that structured commercial real estate financing transactions in markets such as Denver, Chicago, Dallas, Houston, Los Angeles, Phoenix and San Francisco. The company’s volume included transactions for apartments, industrial, retail, office, medical office and triple-net leased properties. Throughout his career, Grover has created financing solutions for clients, with financing typically ranging from $15 million to $70 million per project for a variety of needs, including construction, acquisition, bridge and term loans.

Umpqua’s expansion into Colorado includes the hiring of Shawn Thompson earlier this year to head its middle-market banking division in the region.

“Umpqua is excited to be a part of Denver’s vibrant business community and economy. We look forward to contributing to the prosperity of communities across the western U.S.,” Tory Nixon, president at Umpqua Bank, said. “We’re focused on attracting top banking talent passionate about providing high-growth commercial enterprises an exceptional relationship banking experience. Our recent leadership hires in the region and the expansion of both our middle-market banking and commercial real estate divisions in Colorado reflect our commitment to do just that.”

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