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Spokane, Washington  Est. May 19, 1883
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Office Hours archive for May 26, 2010

WEDNESDAY, MAY 26, 2010

Treasury OKs Sterling investments

The U.S. Treasury has approved agreements that will inject almost $280 million in private equity investment into Sterling Financial Corp.Warburg Pincus Private Equity X, L.P. and Thomas H. Lee Partners L.P. will each invest $139 million in Sterling, which has undertaken a $720 million recapitalization...

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.