Latest from The Spokesman-Review

• Regulators lift cease-and-desist order on Sterling

  September 27, 2010 in Business State and federal regulators have lifted the cease-and-desist order placed on Sterling Savings Bank nearly one year ago.

• Sterling reports loss

  July 28, 2010 in Business on Page A8 Sterling Financial Corp. reported a second-quarter loss Tuesday of $58.2 million, including a $70.8 million allowance for credit losses. A year ago, the Spokane bank reported a net loss of … 1

• 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.

• Sterling Financial names board chair

  May 18, 2010 in Business on Page A9 Sterling Financial Corp. on Monday announced the appointment of a former Wells Fargo & Co. executive as chairman of the board. The appointment of Leslie “Les” Biller must be approved … 1

• Probe alleges WaMu fraud

  April 13, 2010 in Nation/World on Page A1 WASHINGTON – Before Washington Mutual collapsed in the largest bank failure in U.S. history, its executives knowingly created “a mortgage time bomb” by steering borrowers to subprime mortgages and turning … 1

• Coeur d’Alene bank posts losses for quarter, year

  March 18, 2010 in Business on Page A7 Idaho Independent Bank on Wednesday reported losses for the fourth quarter and full year 2009, but improved capital ratios as the Coeur d’Alene-based bank reduced its size.

• Treasury offers hand to Sterling

  March 17, 2010 in Business on Page A1 Sterling Financial Corp. on Tuesday announced tentative agreements with the U.S. Treasury and a potential investor that will determine whether the bank holding company remains an independent Spokane business and … 5

• Q and A: Sterling’s next steps

  October 16, 2009 in City on Page A1 Q. What do regulators want Sterling Financial to do? A. The biggest requirement calls for the bank holding company to raise $300 million within 60 days. 1

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  Sterling revamps executive lineup

  October 15, 2009 in Business on Page A1 Sterling Financial Corp. on Wednesday announced the appointment of a new executive team and the departures of longtime Chairman Harold Gilkey and Heidi Stanley, chairwoman of the subsidiary Sterling Savings … 3

• WaMu employees’ lawsuit against JPMorgan dismissed

  October 7, 2009 in Business A judge in Seattle has dismissed an attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co.

• Road still bumpy for area banks, leader says

  September 17, 2009 in Business on Page A1 Five Eastern Washington banks serving Spokane have lost nearly $750 million since 2007, and bad loans will keep the pressure on the banks for the foreseeable future, the president of … 1

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  ILF Media relocates to newly refurbished digs

  September 11, 2009 in Business on Page A8 ILF Media has moved into the former Spokane Art School building after investing more than $1.5 million in its purchase and renovation. The company, founded nine years ago in the …

• Interest payments on notes deferred

  August 21, 2009 in Business on Page A8 Spokane-based Sterling Financial Corp. saw its stock price drop more than 20 percent Thursday after announcing it would defer paying interest on outstanding junior subordinated notes. The holding company for …

• Judge hears arguments on WaMu retirement accounts

  August 6, 2009 in Business, Region SEATTLE — A federal judge heard arguments on what should happen with retirement accounts for tens of thousands of past and present Washington Mutual employees.

• In brief: INB’s parent posts quarterly loss

  August 1, 2009 in Nation/World on Page A6 Northwest Bancorporation Inc. on Friday announced an $846,000 loss for the second quarter as a $1.8 million allowance for loan and lease options, coupled with higher FDIC premiums, offset an …

• Sterling reports $29.5M net loss

  July 24, 2009 in Business on Page A10 Sterling Financial Corp. Thursday reported a second-quarter net loss of $29.5 million as loan losses, expenses related to managing non-performing real estate and increased Federal Deposit Insurance Corp. premiums more …

• Regional stocks index gains value

  July 3, 2009 in Business on Page A12 An index of Inland Northwest stocks turned sharply upward during the second quarter, helped by triple-digit gains for Clearwater Paper Co. and Coldwater Creek Inc. The 15-stock index compiled by …

• AmericanWest tackling audit issues

  May 16, 2009 in Business on Page A8 AmericanWest Bancorporation officials said Friday they are taking steps to comply with a pending “cease and desist” order from the Federal Deposit Insurance Corp. and the Washington Department of Financial …

• AmericanWest Bank complying with regulator conditions

  May 15, 2009 in City AmericanWest Bancorporation officials said Friday they are complying with a set of changes included in a “cease and desist” order being issued by the Federal Deposit Insurance Corporation and the …

• Sterling closes food court area for remodeling of headquarters

  May 8, 2009 in Business on Page A14 Sterling Financial Corp. has walled off the former food court occupying the second floor of its downtown headquarters so crews can begin remodeling the 12,500-square-foot space. The pedestrian corridor still …

• AmericanWest to pull request for federal aid

  May 1, 2009 in Business on Page A14 AmericanWest Bancorporation plans to withdraw an application for $57 million in federal assistance, the Spokane institution said Thursday in its first-quarter earnings release. AmericanWest, which reported a net loss of …

• AmericanWest won’t seek federal funds after all

  April 30, 2009 in Business, City AmericanWest Bancorporation plans to withdraw an application for $57 million in federal assistance, the Spokane institution said Thursday in its first-quarter earnings release.

• Sterling Financial reports quarterly loss

  April 24, 2009 in Business on Page A8 Sterling Financial Corp. on Thursday reported a $20.4 million loss for the first quarter as substantial credit write-offs continued to take a toll. For holders of Sterling common shares, the …

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  Heating up the home market

  April 4, 2009 in Business on Page A1 Sterling Savings Bank and Banner Bank are offering mortgages at interest rates below 4 percent in a pair of programs designed to help their contractor customers move unoccupied homes – …

• Lenders react with bit of optimism

  March 5, 2009 in Business on Page A10 With pages of details yet to be digested, Spokane-area lenders and researchers reacted cautiously Wednesday to the Obama administration’s foreclosure-prevention proposal. The Treasury Department estimates as many as 9 million …

• Washington Trust opens Oregon branch

  February 18, 2009 in Business on Page A8 Washington Trust Bank opened its first full-service Oregon branch Tuesday morning, three days after it acquired the deposits and most of the assets of Pinnacle Bank, which was declared insolvent …

• More banks considered at-risk

  February 11, 2009 in Business on Page A8 SAN FRANCISCO – More than 1,000 banks may fail during the next three to five years as the recession intensifies and loan losses climb, an analyst at RBC Capital Markets … 1

• Washington Trust gets capital infusion

  February 4, 2009 in Business on Page A10 The U.S. Treasury Department announced Tuesday it will invest $110 million in W.T.B. Financial Corp., the corporate parent of Washington Trust Bank. Washington Trust President Jack Heath said the privately …

• Sterling stock rallies despite $356 million quarterly loss

  January 28, 2009 in Business on Page A10 Sterling Financial Corp. stock rallied Tuesday despite earnings savaged by huge losses in the Spokane bank’s construction loan portfolio. In an after-hours release, Sterling reported a net loss for fourth-quarter …

• Sterling suspends dividend payments

  January 14, 2009 in Business on Page A8 Sterling Financial Corp. Tuesday said it will report a loss for 2008, and the Spokane-based bank has suspended payment of the dividend on its common stock “until economic conditions improve.” …

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