Spokane-based Sterling Savings Bank and holding company Sterling Financial Corp. were founded in 1983 by William Zuppe and Harold Gilkey.
SATURDAY, APRIL 19, 2014
Sterling-Umpqua union official
For employees of Sterling Bank, Friday marked a bittersweet finale, the official last day before being folded into Portland-based Umpqua Bank. After a dramatic economic turnaround following a dark two …
WEDNESDAY, APRIL 2, 2014
Umpqua to complete merger with Sterling
Federal bank regulators have given the green light to Umpqua Bank and Spokane-based Sterling Financial Corp. to conclude their merger, announced last year. The first signs of the takeover will …
TUESDAY, APRIL 1, 2014, 11:22 A.M.
Feds OK Sterling, Umpqua merger
Federal bank officials have given the green light to Umpqua Bank and Spokane-based Sterling Financial Corp. to conclude their merger, first announced last year.
TUESDAY, NOV. 5, 2013
Inland Northwest Index shows regional growth lagging
The Hart Capital Inland Northwest Index’s third-quarter performance showed lackluster growth of 3.7 percent, a figure that could have been worse if not for the strong performance by regional banks. …
THURSDAY, SEPT. 12, 2013
Sterling Financial, Umpqua Holdings to merge
Sterling Financial Corp., the highest-valued publicly traded corporation headquartered in Spokane and one of the city’s largest employers, is merging with Umpqua Holdings Corp. of Portland. Sterling branches will be …
WEDNESDAY, SEPT. 11, 2013, 4:27 P.M.
It’s official: Sterling Financial being bought for $2 billion
Umpqua Holdings Corporation and Sterling Financial Corporation announced today that they have entered into a definitive agreement pursuant to which Sterling will merge with and into Umpqua. The transaction will …
TUESDAY, AUG. 13, 2013
Sterling Bank to rename branches in California
Sterling Financial Corp. will rename its California operations under the Argent Bank brand. The decision reflects a push by Spokane-based Sterling to grow operations in California, said company President and …
FRIDAY, MARCH 8, 2013
Sherwood Mall to get upgrade
Two Spokane investment groups plan to renovate the downtown buildings formerly known as the Sherwood Mall and bring in new tenants. New owners of the two side-by-side downtown properties include …
SATURDAY, JAN. 26, 2013
Mortgage lending boosts Sterling
Sterling Financial Corp., which operates Sterling Savings Bank, regained its mortgage-loan mojo in 2012. The Spokane-based bank reported 2012 year-end income of $385.7 million, which included mortgage income of $96.9 …
SATURDAY, JAN. 19, 2013
Area companies post solid year collectively
The tracking index for 15 publicly traded Inland Northwest companies ended a good year with a mild dip in the fourth quarter. The Hart Capital Inland Northwest Index lost 3.2 …
TUESDAY, DEC. 18, 2012
Sterling to acquire Puget-area branches
Spokane’s Sterling Savings Bank has agreed to buy the Puget Sound-area operations of publicly traded Boston Private Financial Holdings Inc. Boston Private, a national financial services group that owns wealth …
SATURDAY, OCT. 13, 2012
Area companies beat S&P, Russell
Inland Northwest companies had a strong quarter from July through September. The Hart Capital Inland Northwest Index grew 14.3 percent in the third quarter. That’s dramatically better than the S&P …
SATURDAY, AUG. 18, 2012
Downtown buildings change hands
Two of Spokane’s well-known but cash-strapped buildings concluded foreclosure sales Friday, closing the file on separate cases of large commercial properties falling victim to a distressed real estate market. The …
THURSDAY, AUG. 16, 2012
U.S. selling Sterling shares
The U.S. Treasury on Wednesday priced the sale of more than 5 million shares of Sterling Financial Corp. stock, which would net about $113 million in repayment for Troubled Asset …
FRIDAY, JULY 20, 2012
Sterling to consolidate in Crescent Court space
Sterling Savings Bank will take over the vacant sixth floor of the downtown Spokane Crescent Court office building next month. Sterling will use the space to consolidate some of its …
THURSDAY, JULY 19, 2012, 5:30 P.M.
Sterling Savings leases floor in Crescent Court
Sterling Savings Bank will take over the vacant sixth floor of the downtown Spokane Crescent Court office building next month.
THURSDAY, APRIL 26, 2012
Earnings: Sterling Financial Corp.
TUESDAY, FEB. 21, 2012, 12:54 P.M.
Sterling Financial to cut 6 percent of workforce
Sterling Financial Corp. is laying off 6 percent of its employees this winter.
WEDNESDAY, JAN. 25, 2012, 1:58 P.M.
Sterling posts profit for 4th quarter and full year
Spokane-based Sterling Financial Corp. reported dramatically improved results for the fourth quarter and full fiscal year after the close of trading today.
THURSDAY, JULY 28, 2011
Earnings: Sterling Financial Corp.
TUESDAY, JULY 29, 2014, 2:19 P.M.
Umpqua Bank starts wildfire fund to help provide short-term loans
Umpqua Bank, which recently merged with Sterling Financial, has started a Wildfire Relief Lending Program to help customers in parts of Washington and Oregon hit hard by wildfires. The new …
TUESDAY, JUNE 24, 2014, 8:17 A.M.
No Spokane branches of Sterling Bank will close, says Umpqua
None of Sterling Bank’s nine area branches will be closed during a round of reductions now taking place as Umpqua Bank begins aligning operations in the wake of its takeover …
MONDAY, APRIL 21, 2014, 11:03 A.M.
We lost a corporate headquarters with Umpqua merger, but the new bank looks solid
While some may lament the loss of another company headquarters in the merger of Umpqua and Sterling banks, the good news is the new bank combines Sterling’s solid lineup of …
TUESDAY, APRIL 1, 2014, 11:58 A.M.
Sterling employees start looking toward their future with Umpqua
We’ll be asking what the actual headcount reduction will be, following today’s announcement that the Umpqua Bank merger with Sterling Bank has cleared all hurdles. The first signs of the …
MONDAY, DEC. 30, 2013, 4:37 P.M.
Area’s second-largest business story for 2013: Umpqua buys Sterling Bank
Today’s post: The No. 2 business story of the year for the Spokane North Idaho area. Last week we posted No. 3, the widespread credit card breach connected to area …
THURSDAY, SEPT. 12, 2013, 10:58 A.M.
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 …
MONDAY, AUG. 12, 2013, 12:27 P.M.
Sterling rebrands Sonoma Bank and Borrego Springs Bank as Argent Bank
Sterling Financial Corporation and its subsidiary, Sterling Savings Bank, announced on Monday the rebranding of its two California banks under the name Argent Bank. The name applies to Sonoma Bank …
WEDNESDAY, MAY 1, 2013, 6:06 A.M.
Spokane’s Downtown “Duck Man” a shining star of spring memories
WILDLIFE — Among the urban wildlife spectacles that stand out in Spokane’s history, it’s tough to beat the Duck Man’s help in ushering a brood of ducklings from their nest …
FRIDAY, MARCH 8, 2013, 1:35 P.M.
Sherwood buildings sold to two area groups, and both got great deals
The downtown business beat continues producing more real estate deals. In Friday’s paper was the announcement two groups bought the side-by-side buildings formerly called the Sherwood Mall. In fact, the …
FRIDAY, JAN. 25, 2013, 12:49 P.M.
Sterling Financial had a solid 4Q and a very decent fiscal 2012
IN case you missed on Thursday, Spokane’s Sterling Financial Corp. had a good 4Q earnings report. The company, which operates Sterling Savings Bank, announced it booked net income of $20.9 …
MONDAY, DEC. 17, 2012, 1:33 P.M.
Sterling to acquire three branches of Boston Private in Puget Sound
To read the complete story, go to Spokesman.com later Monday evening or read it in Tuesday’s printed editions. Spokane’s Sterling Savings Bank has purchased the Puget Sound operations of publicly …
TUESDAY, SEPT. 11, 2012, 12:33 P.M.
Heidi Stanley’s discrimination lawsuit against Sterling Bank is still active
The discrimation lawsuit filed by former Sterling Bank CEO Heidi Stanley remains active in Spokane’s County Superior Court. Stanley is suing her former employer for wrongful termination, saying she lost …
MONDAY, NOV. 7, 2011, 9:59 A.M.
Sterling to buy Vancouver, Wash.-based bank
Sterling Financial Corporation of Spokane announced this morning that Sterling Savings Bank plans to buy First Independent Bank of Vancouver, Wash., including all deposits and banking operations, 14 branches in …
THURSDAY, OCT. 20, 2011, 11:42 A.M.
Sterling wins outstanding Washington state civic business award
Two companies from Spokane and Tacoma have received Secretary of State Sam Reed’s most prestigious civics award for businesses in Washington state. Reed will present the 2011 Corporations for Communities …
TUESDAY, JUNE 28, 2011, 3:18 P.M.
Former Sterling branch manager barred
A former Sterling Savings Bank branch manager in Klamath Falls, Ore., has been barred from the banking industry. The Federal Deposit Insurance Corp. issued the order against Shannon Kuhlman last …
THURSDAY, JUNE 16, 2011, 4:54 P.M.
Dickinson takes Sterling post
Marty Dickinson is leaving the Downtown Spokane Partnership to become senior vice president and corporate marketing communications executive at Sterling Savings Bank. Her last day at the DSP, where she …
WEDNESDAY, JUNE 8, 2011, 2:30 P.M.
Bad Hair Bandit robs Moses Lake bank
A serial bank robber dubbed “the Bad Hair Bandit” is believed to have robbed a bank in Moses Lake on Tuesday. A wigged woman matching the description of the robber …
TUESDAY, MAY 31, 2011, 1:57 P.M.
Sterling names Andrew Schultheis general counsel
Andrew Schultheis has been appointed executive vice president and general counsel at Sterling Financial Corp. Schultheis, 40, has been outside counsel to Sterling, the parent of Sterling Savings Bank, while …
FRIDAY, MARCH 25, 2011, 11:25 A.M.
Happy ending at Sterling? An insiders’ view at Executive Connect Breakfast
If you need to catch up on the long, stressful road Sterling Savings Bank followed to survive and not fall victim to the FDIC axe, the best chance comes on …
TUESDAY, JAN. 25, 2011, 2:08 P.M.
Sterling reports smaller loss
Sterling Financial Corp. today reported smaller fourth quarter and annual losses. The net loss for the quarter was $38.1 million, down from $48 million for the quarter ended Sept. 30 …