North Bay Business Journal

  • Sonoma Bank opens home mortgage centers

    August 8th, 2011

    SANTA ROSA — Sonoma Bank announced it is opening home mortgage lending centers that will be overseen by Robb Kenyon, who will serve as regional director for parent company Sterling Financial Corporation.

  • Video: Tony Magee tells the story of Lagunitas Brewing Co.

    July 15th, 2011

    This video introduced a panel discussion July 14 led by Lagunitas Brewing Co. founder Tony Magee on tips for entrepreneurs in branding, management and finance. Mr. Magee took Lagunitas from a second-job dream in 1993 to a $40 million-a-year company. Guiding him were Ken Dansie, now with Burr Pilger Mayer, and the commercial bankers now with Sonoma Bank.

  • Q & A: Sterling Financial CEO Greg Seibly reflects on a bank’s turnaround

    July 4th, 2011

    SANTA ROSA/SPOKANE, Wash. — Spokane, Wash.-based Sterling Financial Corporation, parent company of Sonoma Bank, successfully navigated its way through an October 2009 order by regulators to repair its balance sheet.

  • 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.

  • Sonoma Bank parent receives $134.7 million

    April 27th, 2010

    SPOKANE, Wash. — Sonoma Bank parent company Sterling Financial Corporation announced a capital infusion of $134.7 million from a private equity firm, helping Sterling meet the requirements of a federal regulatory order in October of last year.

  • Banking & Finance: Union Bank opening Sonoma branch; Circle sets new headquarters

    March 22nd, 2010

    Union Bank is opening its first full-service branch in Sonoma in May. It will be the San Francisco-headquartered bank’s fourth North Bay location.

  • 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.

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