Latest from The Spokesman-Review

• 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

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  Feds offer Sterling a break to help it stay in business

  March 16, 2010 in Business The U.S. government is giving Sterling Financial Corp. a break on the $303 million the Spokane bank-holding company owes it in an effort to help Sterling attract new investors and … 10

• Sterling begins recapitalization

  February 2, 2010 in Business on Page A6 Sterling Financial Corp. will have a recapitalization plan in place, or nearly so, by the end of March, bank executives said Monday. The clock started Monday on a key step …

• Sterling Financial reports big losses for 2009

  February 1, 2010 in Business, City Writedowns on its loan portfolio resulted in large losses for Sterling Financial Corp. in the fourth quarter and all of 2009. 4

• Trolls lurk near financial hardship

  January 31, 2010 in Business on Page E1 Corey Deter sued Sterling Financial Corp. on Jan. 11. The suit was dismissed Jan. 21.

• Sterling’s loss near half-billion

  October 23, 2009 in Business on Page A1 Sterling Financial Corp. on Thursday reported a huge third-quarter loss of $463.7 million as it closes out the books on almost a decade of acquisitions that made the Spokane institution … 3

• 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 …

• 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

• Sterlings’ new execs say situation “manageable”

  October 15, 2009 in Business, City 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 … 8

• 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 …

• 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 …

• 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 …

• 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 …

• 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

• 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.” …

• Teck Cominco to cut 1,400 jobs

  January 9, 2009 in Business on Page A12 Teck Cominco Limited will cut its global work force by about 1,400 positions, or 13 percent, to reduce costs in the face of persistently weak commodity prices, officials said Thursday. …

• Bailout needs to trickle all the way down

  January 4, 2009 in Business on Page E1 There’s something to be said for a yearlong hiatus as business columnist: 2008? Not my fault. But certainly a missed opportunity, because the past 12 months were such a target-rich …

• Sterling sells stock to U.S. Treasury

  December 6, 2008 in Business on Page A10 The parent company of Sterling Savings Bank closed a deal that will bring the corporation $303 million from the U.S. Treasury. Sterling Financial Corp. sold to the Treasury department 303,000 …

• Sterling could net $303 million from bailout fund

  November 25, 2008 in Business on Page A1 Spokane’s Sterling Financial Corp. will receive $303 million from the U.S. Treasury if a tentative deal announced Monday closes. The investment, one of dozens approved or pending as the Treasury …

• Sterling’s profits hurt by problem loans

  October 22, 2008 in Business on Page A8 Problems with residential construction loans continue to sap earnings at Sterling Financial Corp. The Spokane-based bank Tuesday reported a third-quarter profit of $5 million, or 10 cents per share, compared …

• Area banks weathering the storm

  September 28, 2008 in Business on Page B1 Wall Street credit woes have not yet filtered down to Riverside Avenue in Spokane or Sherman Avenue in Coeur d’Alene, Inland Northwest financial leaders said last week. Loans for restaurants, …

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  Housing loans bite regional banks

  July 31, 2008 in Business on Page A1 The demise of Sullivan Homes and resignation of AmericanWest Bancorporation’s CEO have brought to Spokane’s front door the housing and banking crises that are feeding off each other all over …

• Sterling reports earnings rise

  July 23, 2008 in Business on Page A6 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

  April 23, 2008 in Business on Page A8 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 …

• Business in brief: Sterling posts lower earnings

  April 22, 2008 in City on Page A6 Sterling Financial Corp. Monday released earnings that reflected a downbeat forecast announced less than two weeks ago. The parent of Sterling Savings earned just $2.9 million for the first quarter, …

• Sterling’s earnings hit by home-loan woes

  April 11, 2008 in Business on Page A1 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 …

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