Sterling Financial

Spokane-based Sterling Savings Bank and holding company Sterling Financial Corp. were founded in 1983 by William Zuppe and Harold Gilkey.


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  • Sterling reports earnings rise

    Sterling Financial Corp. on Tuesday reported second-quarter earnings off substantially from 2007 but an improvement on first-quarter numbers. In a report issued after markets closed, the Spokane-based bank said it …


  • Justice Department to appeal Sterling ruling

    Attorneys from the U.S. Department of Justice have notified the U.S. Court of Federal Appeals they will appeal a Feb. 19 decision that awarded Sterling Financial Corp. barely $1 million …


  • Sterling’s earnings hit by home-loan woes

    Sterling Financial Corp. announced Thursday that its first-quarter earnings will fall far short of earlier projections largely because it set aside $35 million to $40 million to cover potential loan …


  • Sterling wins suit against feds

    Sterling Financial Corp. this week was awarded barely more than $1 million in damages from the federal government, a small fraction of the amount sought by the Spokane bank and …


  • Sterling gives final numbers

    Sterling Financial Corp. Monday reported that a $13 million provision for loan losses dragged results for the year and fourth-quarter 2007 below the levels for 2006 on a per-share basis. …


  • Bert Caldwell: Sterling loses a little bit of its merger luster

    Sterling Financial Corp. lost one to the regulators last week. After rolling up more than 20 other financial institutions in a 22-year-long growth spurt, officials at the Spokane bank announced …


  • Sterling Financial deal falls through

    Sterling Financial Corp.’s plans to buy North Valley Bancorp of Redding, Calif., have fallen through, the Spokane-based company announced in a news release Monday. Sterling received notice that North Valley …


  • Sterling job

    William Zuppe, retiring co-founder and chief executive officer of Sterling Savings Bank, has a hint of daredevil in him. Earlier this month, he treated a childhood friend to a ride …


  • Sterling picks Heidi Stanley as new CEO

    Heidi Stanley has been appointed president and chief executive officer of Sterling Savings Bank. Her appointment will follow the Dec. 31 retirement of William Zuppe, who founded the Spokane bank …


  • Amazon profit triples

    Amazon.com Inc.’s second-quarter profit more than tripled, boosted by strong sales of books, music and electronics worldwide. The Web retailer’s stock soared 11.3 percent in after-hours trading. Earnings for the …


  • Bert Caldwell: Sterling, feds are getting reacquainted

    Les Weatherhead and Carol Friend saw each other for the first time in 17 years Thursday morning. The pleasantries were brief. Weatherhead, as attorney for Sterling Financial Corp., was questioning …


  • Sterling says U.S. owes it millions

    Sterling Financial Corp. says the United States owes it $63 million for breaching contracts dating back to the savings and loan debacle of the 1980s. The U.S. Justice Department says …


  • Sterling seeks millions from feds

    A trial to determine if the United States owes Sterling Financial Corp. perhaps more than $90 million begins 9:30 a.m. Monday in the historic courtroom on the third floor of …


  • Sterling Financial earns $22.9 million

    Sterling Financial Corp., the parent company of Sterling Savings Bank, announced on Monday that the company earned $22.9 million for the first quarter of 2007. Sterling’s earnings amounted to 50 …


  • Sterling branches out again

    Sterling Financial Corp. announced plans Wednesday to buy a Northern California bank in a roughly $196.2 million deal, the latest in a series of acquisitions by the Spokane-based bank holding …


  • Sterling is fighting for principal – and principle

    A U.S. Court of Federal Claims judge will journey to Spokane in June to preside over a trial pitting Sterling Financial Corp. against the United States of America. By the …


  • Sterling sues ex-CEO of FirstBank NW

    Sterling Financial Corp. is suing the former CEO of a bank it acquired last spring, accusing the man of securities fraud and violating a non-competitive agreement. Spokane-based Sterling claims that …


  • It’s a bullish time for banks

    Area bankers say their businesses performed even better than they’d expected last year and are optimistic 2007 will turn into another good year. “I’m still very bullish on the economies …


  • Bert Caldwell: CEO Jones reflects on a Banner year

    D. Michael Jones has seen Spokane and Spokane banking coming and going. Coming when he returned to Spokane 33 years ago to join Washington Bancshares Inc., the forerunner of Old …


  • Community assets

    Two decades ago a group of professionals hired to open the first Sterling Savings Bank, then called Sterling Savings Association, posed a tough question to their new boss, Chairman Harold …


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