Stock Report: Sterling Financial Corp. (Washington) (STSA) Report Updated: May 20, 2013 | Print This Page

Sterling Financial Corporation operates as the bank holding company for Sterling Savings Bank that provides retail and commercial banking products and services, mortgage lending, and investment products to individuals, small businesses, commercial organizations, and corporations in the United States. Its deposit products include transaction (checking) accounts, savings accounts, money market demand accounts, certificates of deposit, interest and non-interest bearing checking accounts, and time deposits. The company’s loan portfolio comprises commercial lending products, such as lines of credit, receivable and inventory financing, and equipment loans, as well as term financing for owner-occupied commercial real estate properties; multifamily real estate, commercial real estate, and construction loans; one-to four-family residential loans; and consumer loans for automobiles, boats and recreational vehicles, and lines of credit for personal use. As of December 31, 2011, it operated 175 depository branches in Washington, Oregon, Idaho, Montana, and California. The company was founded in 1983 and is headquartered in Spokane, Washington.