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Stories tagged: Sterling Savings Bank


  • Feds OK Sterling, Umpqua merger

    Federal bank officials have given the green light to Umpqua Bank and Spokane-based Sterling Financial Corp. to conclude their merger, first announced last year.


  • Sterling Bank to rename branches in California

    Sterling Financial Corp. will rename its California operations under the Argent Bank brand. The decision reflects a push by Spokane-based Sterling to grow operations in California, said company President and …


  • Mortgage lending boosts Sterling

    Sterling Financial Corp., which operates Sterling Savings Bank, regained its mortgage-loan mojo in 2012. The Spokane-based bank reported 2012 year-end income of $385.7 million, which included mortgage income of $96.9 …


  • Sterling to acquire Puget-area branches

    Spokane’s Sterling Savings Bank has agreed to buy the Puget Sound-area operations of publicly traded Boston Private Financial Holdings Inc. Boston Private, a national financial services group that owns wealth …


  • Downtown buildings change hands

    Two of Spokane’s well-known but cash-strapped buildings concluded foreclosure sales Friday, closing the file on separate cases of large commercial properties falling victim to a distressed real estate market. The …


  • Sterling to consolidate in Crescent Court space

    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

    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 …


  • Another bank robbed in Spokane, police say

    A robbery has been reported at Sterling Savings bank at 103 E. Queen Ave. in north Spokane.


  • Symphony back for Labor Day weekend shows

    Last year on Labor Day, if you wanted to hear “1812 Overture,” you had to stand in your backyard and hum it. This year, Spokane’s longtime Labor Day tradition has …


  • Caldwell: West Point trained local bankers to survive

    The U.S. Military Academy at West Point graduates about 1,000 second lieutenants each year. Although trained to command men and women in combat, many leave the Army when their hitch …


  • Sterling says profit is hopeful ‘milestone’

    The last time Sterling Financial Corp. reported a profit was in October 2008. It’s taken more than two years, but Spokane-based Sterling Savings (traded as STSA) reported a first quarter …


  • Spotlight: First Night picks up new events, venues

    For the 10th year in a row, First Night Spokane will fill downtown streets on New Year’s Eve. Most people already know what to expect from this well-established institution:


  • Robbery at bank puts schools on lockdown

    Spokane Valley police are investigating a robbery at an East Sprague Avenue bank Thursday that locked down two nearby schools. At 2:26 p.m., a man walked in the west door …


  • Regulators lift order placed on Sterling Savings Bank

    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 …


  • Sterling Financial agrees to raise $730 million

    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 …


  • Robbery suspect blames voices in head

    A man accused of robbing a downtown Spokane bank told police voices in his head told him to commit the crime, according to court documents prepared by detectives.


  • Robbery suspect stopped by bank security

    A security officer at a downtown Spokane bank nabbed a robbery suspect before the man left the property this morning.


  • Boston equity firm invests $134.7 million in Sterling

    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 …


  • Treasury offers hand to Sterling

    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 …


  • Same robber likely hit two banks

    Spokane police think the gunman who robbed a Northwest Boulevard bank last month also robbed a bank in December.


  • Worker-friendly firms lauded

    Six Spokane-area businesses and nonprofits were among 18 saluted last week by the Association for Washington Business for their outstanding commitment to employees. Companies were nominated for training, safety and …


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

    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 …


  • Sterling Savings to miss deadline

    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 …


  • Sterling’s loss near half-billion

    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 …


  • Bert Caldwell: Bank survival is essential for community

    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. …


  • Sterling execs hopeful

    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 …


  • Ledge ducks’ story helps refuge birds

    A mama duck’s ill-advised roost on a Spokane window ledge has helped her fellow fowl at the Turnbull National Wildlife Refuge land $5,000. Sterling Savings Bank concluded a monthlong Bucks …


  • Bucks for Ducks nets $5,000 for Turnbull refuge

    A mama duck’s ill-advised roost on a Spokane window ledge has led to her fowl brethren at the Turnbull National Wildlife Refuge landing $5,000. Sterling Savings Bank concluded a month-long …


  • Mama Duck and her brood hit the water

    Mama Duck, who for the second year has laid her eggs in a concrete awning on the Sherwood Building in downtown Spokane, is leading her own little parade through downtown. …


  • Duck rescuer’s celebrity lives on

    For Joel Armstrong, 2008 will always be the year of the ducks. An e-mail describing how the Spokane man helped a duck and her 10 ducklings from their nest outside …


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