EXHIBIT 23.2

Deloitte & Touche LLP
Suite 3900
111 SW Fifth Avenue
Portland, OR 97204-3642
USA
 
Tel: +1 503 222 1341
Fax: + 503 224 2172
www.deloitte.com

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement Nos. 333-135071, 333-117680, 333-117679, 333-105637, 333-101357, 333-77259, and 333-58978 on Form S-8 of our report dated March 31, 2005, relating to the financial statements of Umpqua Holdings Corporation for the year ended December 31, 2004, appearing in this Annual Report on Form 10-K of Umpqua Holdings Corporation for the year ended December 31, 2006.

Portland, Oregon
February 26, 2007