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Latest from The Spokesman-Review
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Impact of closed bank swirling
October 4, 2011 in City on Page A1 The Bank of Whitman’s failure has left other regional lenders stuck with piles of insider loans that could lead to millions in losses. Recent court filings and public records disclose … 31
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Regulators shut down Bank of Whitman
August 6, 2011 in Business on Page A1 State regulators closed the Bank of Whitman on Friday night and sold the Colfax-based lender’s deposits and some assets to Columbia Banking System of Tacoma. The deal shutters 12 branches … 6
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Regulators shut down Bank of Whitman
August 5, 2011 in Business, City State regulators closed the Bank of Whitman on Friday night and sold the Colfax-based lender’s deposits and some assets to Columbia Banking System of Tacoma. 2
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Settlement talks wrap up over WaMu allegations
July 7, 2011 in Business on Page A10 Talks have ended between three former Washington Mutual executives and the federal government over possible settlement of a lawsuit alleging that their “gross mismanagement” led to the giant thrift’s demise. … 1
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Caldwell: Bank’s good fortune ultimately hurt it
November 7, 2010 in Business on Page E1 Cheap capital almost killed AmericanWest Bank. Documents filed with the U.S. Bankruptcy Court on Oct. 27 describe how money raised while the bank was growing snarled efforts to raise new … 3
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Regulators lift order placed on Sterling Savings Bank
September 28, 2010 in Business on Page A8 State and federal regulators have lifted the cease-and-desist order placed on Sterling Savings Bank nearly one year ago. Sterling Financial Corp., the bank holding company, said Monday the move reflects …
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Washington Mutual, FDIC reach reorganization deal
May 18, 2010 in Business on Page A9 DOVER, Del. – Bank holding company Washington Mutual Inc. has reached an agreement with the Federal Deposit Insurance Corporation that puts WaMu closer to exiting Chapter 11 bankruptcy.
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Sterling stock rockets
April 23, 2010 in Business Shares of Sterling Financial Corp. climbed more than 65 percent today on trading volume 15 times normal. 2
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AmericanWest on federal notice
March 26, 2010 in Business on Page A10 AmericanWest Bancorp is facing a Sunday deadline from federal regulators to raise about $100 million or be taken over, the Spokane-based company revealed in filings with the U.S. Securities & … 3
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Risky lenders could face ‘clawback’ from their failures
January 17, 2010 in Business on Page E1 Chairman Sheila Bair does not want a repeat of the cascading bank failures that are soaking up the reserves of the Federal Deposit Insurance Corp. faster than you can say …
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Sterling Savings to miss deadline
December 8, 2009 in Business on Page A8 Sterling Financial Corp. Chief Executive Officer Greg Seibly said it will probably be the first quarter of 2010 before subsidiary Sterling Savings Bank raises $300 million in new capital. Federal … 1
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Sterling execs hopeful
October 16, 2009 in Business on Page A1 A day after Sterling Financial Corp.’s longtime leaders were ousted, the company’s new executives say they’re confident subsidiary Sterling Savings Bank can raise $300 million and meet other demands contained …
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FDIC may tap banks
September 29, 2009 in Business on Page A6 WASHINGTON – The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to shore up the shrinking deposit insurance fund. … 1
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Banks added 10,000 branches in boom
August 17, 2009 in Business Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the … 1
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Banks seek to reassure depositors
October 9, 2008 in Business on Page A8 With global financial institutions failing and trillions in investor dollars evaporating, Inland Northwest banks and credit unions are reassuring depositors their money is safe, and many are offering high-interest certificates …
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Bert Caldwell: FDIC hopes to enlist banks in payday battle
April 1, 2007 in Business on Page E1 Payday lenders, already in the sights of the U.S. Department of Defense, have now been targeted by the Federal Deposit Insurance Corp. Led by Chairman Sheila Bair, the agency charged …

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