Latest from The Spokesman-Review

• Earnings: Sterling Financial Corp.

  July 28, 2011 in Business on Page A10 For 07-28-2011

• Rusnak named CFO at Sterling Financial Corp.

  February 4, 2011 in Business on Page A10 Patrick Rusnak has been appointed chief financial officer of Sterling Financial Corp. If regulators approve the appointment, he will succeed Dan Byrne, who has held the position since Sterling opened … 5

• Employees kept focus during crisis

  January 21, 2011 in Business on Page A8 Sterling Financial Corp. survived because employees did not let its capital woes break their focus on customer relationships, Chief Operating Officer Ezra Eckhardt said Thursday. Meanwhile, he said, officers worked … 2

• Sterling Financial shares plunge

  November 16, 2010 in Business on Page A10 The price of Sterling Financial Corp. stock fell more than 50 percent Monday, the first day of trading after the registration Friday of 4.2 billion new shares. The shares were … 1

• 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

• 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 …

• Bert Caldwell: Local bank knows the drill

  August 29, 2010 in Business on Page E5 AmericanWest Bancorporation Chief Executive Officer Pat Rusnak took heart last week from Sterling Financial Corp.’s successful effort to raise additional capital. Like Sterling, AmericanWest was ordered by regulators to reinforce … 1

• 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 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

• Sterling investment grows

  May 25, 2010 in Business on Page A8 A Wall Street private equity firm has agreed to invest $139 million in Sterling Financial Corp. as the Spokane bank holding company continues its recapitalization effort. Warburg Pincus Private Equity … 1

• Equity firm to invest $139 million in Sterling

  May 24, 2010 in Business A Wall Street private equity firm has agreed to invest $139 million in Sterling Financial Corp. as the Spokane bank holding company continues its recapitalization effort.

• Reputations invested in Sterling are as good as money

  May 2, 2010 in Business on Page E1 Two important partners last week joined the Sterling Financial Corp. recapitalization effort. When it comes to brands, it’s hard to top the U.S. Department of the Treasury.

• Sterling sued over bank’s 401(k) plan

  January 13, 2010 in Business on Page A12 A former Sterling Financial Corp. employee has sued the Spokane financial institution alleging administrators of its 401(k) plan imprudently invested as much as 20 percent of plan assets in company … 1

• Investors accuse Sterling of hiding financial troubles

  December 16, 2009 in Business on Page A10 A lawsuit filed Friday accuses Sterling Financial Corp. and two officers of concealing the Spokane company’s vulnerability to the downturn in residential and real estate markets, which when disclosed a …

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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

• Holiday parties getting smaller

  December 3, 2009 in City on Page A1 Local companies that used to spend tidy sums on Christmas parties or worker bonuses are pulling back this year, reflecting the economic slowdown. There will be smaller parties instead of …

• Sterling loss closes out the books on decade of expansion

  October 22, 2009 in Business Sterling Financial Corp. Thursday reported a huge third-quarter loss of $463.7 million, in the process closing out the books on almost a decade of acquisitions that made the Spokane institution …

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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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  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