Office Hours

Sterling share price did show a large spike several days before Umpqua deal

The day after Sterling Financial announced it's being taken over by Portland-based Umpqua Bank, here's one graphic that raises questions about who knew about the merger early-on.

The story of the announcement ran in the Sept. 12 Spokesman Review and online.

The graphic here shows a 30-day chart of the public share prices of Sterling vs. Umpqua vs. a regional community bank, PacWest Bank. All trade on the Nasdaq. Sterling is green, Umpqua is blue.

Sterling's stock shows the most impressive jump, and that has led some lurkers and outsiders to wonder who got advance word of the deal.  The Great Stock Price Leap occurs from Aug. 21 through Aug. 24.

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Tom Sowa
Tom Sowa covers technology, retail and economic development and writes the Office Hours blog.





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