Umpqua Bank Subsidiary Financial Pacific Leasing Promotes Allen Snelling to President

TACOMA, Wash., (June 13, 2025) — Umpqua Bank today announced the appointment of Allen Snelling to serve as President of Financial Pacific Leasing, Inc. (FinPac), the bank’s commercial equipment financing arm. Snelling, who currently serves as FinPac’s Executive Vice President of Business Development, will assume his new role effective July 1, 2025, upon the retirement of Terey Jennings.  

“Allen has been an important part of FinPac’s success for many years, and we are thrilled to have a leader of his caliber continue Terey’s excellent leadership as President,” said Tory Nixon, Umpqua Bank President. “Since joining FinPac, Allen has consistently demonstrated a passion for driving innovation and growth through strong customer relationships. We look forward to his leadership as we continue to support the equipment and growth needs of businesses across the West.  

Snelling joined FinPac in 2015 as Vice President of Vendor Finance and was named Executive Vice President in 2019. Snelling began his career in leasing with GE Capital in 1998 and held senior leadership roles at American Express Business Finance, Key Equipment Finance. He also led national accounts for Marlin Leasing. 

Snelling succeeds Jennings, who spent 35 years helping build FinPac into an industry-leading equipment finance company. Jennings has served as President of the business for the past six years and was named a “Current Leader Industry Icon” by Monitor in 2019. 

“Terey has built a lasting legacy at FinPac over nearly four decades of service. His dedication and outstanding leadership are widely recognized across the equipment financing industry and have been instrumental in establishing FinPac’s reputation as an industry leader,” Nixon said. “We are grateful for Terey's countless contributions to the company’s success and extend best wishes for a well-deserved and fulfilling retirement.” 

About Umpqua Bank
Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), is an award-winning regional financial institution supporting businesses of all sizes and consumers across eight western states. With more than $50 billion in assets, Umpqua is the largest Northwest-based and third largest publicly traded bank on the West Coast. Through a network of nearly 300 branches and a full suite of commercial and retail capabilities, Umpqua is taking its celebrated brand of relationship banking across the West into some of the most dynamic and economically vibrant markets in the country. For its commitment to exceptional customer service and thriving communities, Umpqua has been named one of “Oregon’s Most Admired Companies” for 20 straight years. 

About Financial Pacific Leasing
Financial Pacific Leasing was established in 1975 in Federal Way, Washington. Over the years, the company has expanded its services to become an industry leader in providing commercial equipment financing in the U.S. In 2013, Financial Pacific Leasing joined Umpqua Bank to further diversify and grow the bank's lending platform. The company's growth and success are supported by a staff of over 230 highly qualified and experienced employees.