LYCOS RETRIEVER 
Savings: Sterling Savings Bank
built 290 days ago
David Peterson, Vice President of G&B Real Estate Services said, "Sterling Savings Bank's expansion is wonderful for downtown Spokane and we are very happy to have them as a tenant. The vibrancy of Spokane's downtown core is dependent on companies like Sterling, who have been extremely successful in recent years. The Crescent Building offers Class A office space and is a wonderful location."
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SPOKANE, Wash., June 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sterling Financial Corporation (STSA), bank holding company of Sterling Savings Bank, today announced that a wholly-owned subsidiary had completed the issuance of $55 million of trust preferred securities. Sterling Capital Statutory Trust VII completed the issuance of $55 million of floating rate trust preferred securities on June 14, 2006. These securities bear an initial rate of 6.852%. The rate will be adjusted quarterly at the 90-day LIBOR plus 1.52% and mature in 30 years. The securities are part of larger pooled offerings, are subordinate to other borrowings and qualify as capital for regulatory purposes. The new trust preferred securities have not been registered and are not expected to be registered under the Securities Act of 1933, as amended, and may not be sold in the absence of registration or an exemption from applicable registration requirements.
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This report contains forward-looking statements, which are not historical facts and pertain to Sterling Savings Bank's future operating results. These forward-looking statements are within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, but are not limited to, statements about Sterling Savings Bank's plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts. When used in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Sterling Savings Bank's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
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SPOKANE, Wash., Oct. 3 /PRNewswire/ -- Sterling Savings Bank today announced that Heidi Stanley has been named the 14th most powerful woman in banking by US Banker magazine. Ms. Stanley's US Banker ranking puts her as the highest-ranked woman in the Pacific Northwest.
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Sterling Financial Corporation of Spokane, Washington, is a unitary savings and loan holding company, which owns Sterling Savings Bank. Sterling Savings Bank ("Sterling Savings") is a Washington State-chartered, federally insured stock savings association, which opened in April 1983. Sterling Savings, based in Spokane, Washington, has branches throughout Washington, Idaho, Oregon and Montana. Through Sterling's wholly owned subsidiaries Action Mortgage Company and INTERVEST-Mortgage Investment Company, it operates loan production offices in Washington, Oregon, Idaho, Arizona and western Montana. Sterling's subsidiary Harbor Financial Services provides non-bank investments, including mutual funds, variable annuities, and tax-deferred annuities, through regional representatives throughout Sterling Savings' branch network. Sterling's subsidiary Dime Service Corporation provides commercial and consumer insurance products through its offices in western Montana.
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