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In 2012, the company changed the name of its bank from Sterling Savings Bank to Sterling Bank and laid off 6% of its workforce. [8] In March 2013, the company acquired American Heritage Holdings for $6.5 million. [9] In May 2013, the company acquired the Seattle-area operations of Boston Private Bank & Trust Company. [10]
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Sterling Financial Corporation (NAS: STSA) of Spokane, Washington, is the bank holding company for Sterling Savings Bank, a Washington state chartered and federally insured commercial bank ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
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Sterling Financial Corporation and Commerce National Bank Announce Agreement for Sterling to Acquire Commerce National Bank Significantly expands and enhances Sterling's presence in the vibrant ...
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