Umpqua Holdings Corp. plans to close 15 locations and sell four others in the current quarter as it continues to try to cut costs. The company's cost-cutting initiative is focused on narrowing its footprint while investing some savings into its Next-Gen strategy, which includes technology updates aimed at boosting revenues. The company's cost-cutting initiative is focused on narrowing its footprint while investing some savings in its Next-Gen strategy, which includes technology updates aimed at boosting revenues. Since the third quarter of 2017, the company has closed 36 stores and sold one. But Umpqua has not seen any significant deposit attrition from those consolidations.