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Balance Sheet Cash Flow Statement 111 N. Wall St. Spokane, WA 99201 WA Tel. 509-354-8186 |
Type: Public
On the web:
http://www.sterlingsavingsbank.com
Employees:
2,481
Employee growth: (3.5%)
Sterling Financial has a reputation to uphold. The firm (unrelated to the Pennsylvania company of the same name) is the holding company for Sterling Savings Bank, which provides standard retail banking services through about 180 branches in California, Idaho, Montana, Oregon, and Washington. Construction loans make up about 30% of the company's loan portfolio, while commercial operating loans make up another 30%. The bank also writes other commercial and consumer loans. Its wealth management division markets stocks, bonds, mutual funds, annuities, and other investments to bank customers.
Key numbers for fiscal year ending December, 2008:
Sales: $431.7M
One year growth: (3.8%)
Net income: ($335.5)M
Officers:
Chairman: William L. (Ike) Eisenhart
Acting President, CEO and Director, Sterling Financial and Acting CEO, Sterling Savings Bank: J. Gregory (Greg) Seibly
Acting COO, Sterling Financial and Acting President, Sterling Savings Bank: Ezra A. Eckhardt
Competitors:
Bank of America
U.S. Bancorp
Wells Fargo
