North Bay Business Journal

  • First Community leaps to No. 1 on SBA list as lending overall rises

    December 5th, 2011

    NORTH BAY — Santa Rosa-based First Community Bank loaned the greatest amount of dollars to small businesses in the North Bay through the U.S. Small Business Administration’s 7(a) program in the 2011 fiscal year, jumping 10 places ahead to No. 1 and joining a wave of lending both locally and across the country.

  • 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.

  • Banking & Finance: Veteran banker Williams joins Sonoma Bank

    October 18th, 2010

    Veteran North Bay banker Jamie Williams has joined Sonoma Bank as commercial banking regional director. … Wells Fargo’s San Francisco-based economist Gary Schlossberg noted Sonoma County has about 200 food processors, an industry posting 3 percent growth. … Bingham, Osborn and Scarborough LLC, a wealth management firm with offices in San Francisco and Silicon Valley, has opened a new office in Healdsburg. … Umpqua Bank officially announced its first Santa Rosa location.

  • 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.

  • With two large investments, Sterling plots strategy

    June 7th, 2010

    SANTA ROSA/SPOKANE, WASH. – Sterling Financial, owner of Sonoma Bank, has raised nearly 39 percent of the capital required by regulators and is hoping to acquire failed banks in its attempt to move forward with recapitalization efforts.

  • 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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