North Bay Business Journal

  • Regulators lift Sterling order

    September 27th, 2010

    SPOKANE, Wash. — Sterling Financial Corporation, parent company of Sonoma Bank, today announced that the Federal Deposit Insurance Corporation and Washington Department of Financial Institutions lifted a cease and desist order put in place in October 2009 with Sterling Savings Bank.

  • Sonoma Bank parent Sterling closes $730 million cash infusion

    August 30th, 2010

    NORTH BAY — Sterling Financial Corp., parent company of Sonoma Bank in Santa Rosa and Sterling Savings Bank, last week completed a transaction raising $730 million, bringing the bank to the required capital ratios set by regulators and leading the institution on the road to recovery.

  • Treasury says Sonoma Bank owner must raise $650 million

    March 16th, 2010

    SPOKANE, WASH. — Sterling Financial Corp., owner of Sonoma Bank in Santa Rosa, today said it is in active negotiations with several private equity investors, its major creditors and its regulators about various strategic alternatives designed to put Sterling on a sound financial footing and to allow it to recapitalize and grow its business.

Site Index

Industry News
Events
Mobile

Tags