Latest from The Spokesman-Review

• 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 …

• Bert Caldwell: Costs high, benefits higher in saving Sterling

  September 5, 2010 in Business on Page E1 The successful recapitalization of Sterling Financial Corp. may well be the best economic news of 2010 for Spokane. Thanks in part to that “bailout” we all say we hate. 4

• Sterling Financial paying millions to new chairman

  August 31, 2010 in Business on Page A8 New Sterling Financial Corp. Chairman Les Biller was paid $1.5 million to accept the position, and will receive a total $4.5 million by Dec. 31, 2012, unless he resigns. Biller’s …

• Sterling turns the corner after cease-and-desist order

  August 29, 2010 in Business on Page E1 A new Sterling Financial Corp. management team did not know what would be expected of them in October 2009. Federal and state regulators had forced the board of directors to … 5

• Sterling Financial agrees to raise $730 million

  August 20, 2010 in Business, City Spokane-based Sterling Financial Corporation said today it has reached agreements to raise $730 million in new capital from institutional, private equity and other investors. Expected to close within the next … 4

• Sterling Financial reports another quarter of losses

  July 27, 2010 in Business Sterling Financial Corp. today reported a second-quarter loss of $58.2 million, including a $70.8 million allowance for credit losses. A year ago, the Spokane bank reported a net loss of … 3

• Bert Caldwell: Bank survival is essential for community

  October 18, 2009 in Business on Page E1 Banking regulators have become the process servers for a sick Washington economy, delivering orders and memorandums commanding financial directors, chief executive officers and other executives to clean up their institutions. … 7

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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 …