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The Spokesman-Review Newspaper The Spokesman-Review

Tuesday, November 12, 2019  Spokane, Washington  Est. May 19, 1883
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Sterling Financial extends repurchase deadline

Sterling Financial Corp. has extended the expiration date for its effort to buy back $238 million in trust-preferred securities.

The deadline was today. April 12 is the new date.

The Spokane-based parent of Sterling Savings Bank and Golf Savings Bank is offering 20 cents on the dollar for the securities. Investor response will be critical to the company's $650 million recapitalization plan, which is being closely monitored by federal and state regulators.

 

 



Bert Caldwell
Bert Caldwell oversees production of the opinion pages, including writing editorials, and editing and selecting letters, columns and cartoons.