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Stories tagged: sterling savings


  • WEDNESDAY, SEPT. 11, 2013, 4:27 P.M.

    It’s official: Sterling Financial being bought for $2 billion

    Umpqua Holdings Corporation and Sterling Financial Corporation announced today that they have entered into a definitive agreement pursuant to which Sterling will merge with and into Umpqua. The transaction will …


  • THURSDAY, JULY 19, 2012, 5:30 P.M.

    Sterling Savings leases floor in Crescent Court

    Sterling Savings Bank will take over the vacant sixth floor of the downtown Spokane Crescent Court office building next month.


  • THURSDAY, JAN. 26, 2012

    Sterling posts $39 million profit

    Sterling Financial Corp. earned a $39.1 million profit in 2011, continuing its turnaround from near-collapse during the height of the nation’s financial crisis. According to financial reports released Wednesday, Sterling’s …


  • WEDNESDAY, JAN. 25, 2012, 1:58 P.M.

    Sterling posts profit for 4th quarter and full year

    Spokane-based Sterling Financial Corp. reported dramatically improved results for the fourth quarter and full fiscal year after the close of trading today.


  • FRIDAY, DEC. 3, 2010

    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 …


  • TUESDAY, SEPT. 28, 2010

    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 …


  • MONDAY, SEPT. 27, 2010, 4:48 P.M.

    Regulators lift cease-and-desist order on Sterling

    State and federal regulators have lifted the cease-and-desist order placed on Sterling Savings Bank nearly one year ago.


  • SUNDAY, SEPT. 5, 2010

    Bert Caldwell: Costs high, benefits higher in saving Sterling

    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.


  • WEDNESDAY, APRIL 28, 2010

    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 …


  • TUESDAY, APRIL 27, 2010, 10:11 A.M.

    Sterling announces new investor, quarterly loss

    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 …


  • FRIDAY, APRIL 23, 2010, 3:21 P.M.

    Sterling stock rockets

    Shares of Sterling Financial Corp. climbed more than 65 percent today on trading volume 15 times normal.


  • TUESDAY, MARCH 16, 2010, 5:53 P.M.

    Feds offer Sterling a break to help it stay 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 …


  • SUNDAY, DEC. 27, 2009

    Local economy didn’t escape the downturn

    The economy cast a long shadow over everything in 2009. The recession and efforts at recovery set the scene for top business news in the Inland Northwest, from the shaky …


  • THURSDAY, OCT. 15, 2009, 7:19 P.M.

    Sterlings’ new execs say situation “manageable”

    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 …


  • SUNDAY, SEPT. 27, 2009

    A time to save

    More Americans are trying to save money as they contend with the recession, and Spokane residents are no different. But officials at local financial institutions, social service and counseling agencies …


  • THURSDAY, SEPT. 17, 2009

    Road still bumpy for area banks, leader says

    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 …


  • SATURDAY, APRIL 4, 2009

    Heating up the home market

    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 – …


  • FRIDAY, APRIL 3, 2009, 5 P.M.

    Banks offer mortgage deals on unoccupied homes

    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 – …


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