Umpqua Bank 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.”