Office Hours

Sterling Financial extends repurchase deadline

Sterling Financial Corp. has extended the expiration date for its effort to buy back $238 million in trust-preferred securities.

The deadline was today. April 12 is the new date.

The Spokane-based parent of Sterling Savings Bank and Golf Savings Bank is offering 20 cents on the dollar for the securities. Investor response will be critical to the company's $650 million recapitalization plan, which is being closely monitored by federal and state regulators.

 

 




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours
Bert Caldwell
Bert Caldwell oversees production of the opinion pages, including writing editorials, and editing and selecting letters, columns and cartoons.




Close

Sections


Profile

Close

Contact the Spokesman

Main switchboard:
(509) 459-5000
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Customer service:
(800) 338-8801