Latest from The Spokesman-Review

• Area companies post solid year collectively

  January 19, 2013 in Business on Page A8 The tracking index for 15 publicly traded Inland Northwest companies ended a good year with a mild dip in the fourth quarter. The Hart Capital Inland Northwest Index lost 3.2 …

• Area companies beat S&P, Russell

  October 13, 2012 in Business on Page A6 Inland Northwest companies had a strong quarter from July through September. The Hart Capital Inland Northwest Index grew 14.3 percent in the third quarter. That’s dramatically better than the S&P …

• U.S. selling Sterling shares

  August 16, 2012 in Business on Page A8 The U.S. Treasury on Wednesday priced the sale of more than 5 million shares of Sterling Financial Corp. stock, which would net about $113 million in repayment for Troubled Asset …

• Sterling to consolidate in Crescent Court space

  July 20, 2012 in Business on Page A10 Sterling Savings Bank will take over the vacant sixth floor of the downtown Spokane Crescent Court office building next month. Sterling will use the space to consolidate some of its …

• McMorris Rodgers blasts TARP

  April 6, 2012 in City on Page A5 Rep. Cathy McMorris Rodgers launched her re-election bid this week with familiar criticism of big-government programs – including one that is widely credited with saving hundreds of good-paying jobs in … 17

• Sterling Financial to cut 6 percent of workforce

  February 21, 2012 in Business Sterling Financial Corp. is laying off 6 percent of its employees this winter. 10

• Local financial institutions weighing options

  February 13, 2011 in Business on Page E1 Local bank and credit union officials said last week they have no immediate plans to eliminate free checking, but pending Federal Reserve Bank regulations may force them to reconsider. Inland …

• 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

• 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.

• 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

• 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 completes recapitalization plan

  August 27, 2010 in Nation/World on Page A12 Sterling Financial Corp. has completed the $730 million recapitalization plan announced last week. The money from a mixture of institutional and individual investors will bring the Spokane-based parent of Sterling …

• Sterling recruits capital infusion

  August 21, 2010 in Business on Page A1 Sterling Financial Corp. has arranged $730 million in new investment that will bring the Spokane bank back into compliance with capital requirements 10 months after huge losses on construction and … 2

• 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

• 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

• Treasury accepts Sterling discount

  April 30, 2010 in Business on Page A12 The U.S. Treasury will accept a steep markdown of its investment in Sterling Financial Corp. as part of a recapitalization plan, the Spokane company announced Thursday. The markdown was a … 1

• Boston equity firm invests $134.7 million in Sterling

  April 28, 2010 in Business on Page A1 Thomas H. Lee Partners, a Boston private equity firm, will invest $134.7 million in struggling Sterling Financial Corp. as part of the Spokane bank-holding company’s ongoing effort to raise enough … 1

• Sterling announces new investor, quarterly loss

  April 27, 2010 in Business Sterling Financial Corp. said today a Boston-based private equity firm would invest $135 million in the struggling Spokane banking company. Sterling also announced a loss of $88.8 million, or $1.71 … 1

• 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

• 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

• 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 …

• 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

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