Sterling Financial Corporation Announces David S. DePillo Appointed as Vice Chairman
SPOKANE, Wash.--(BUSINESS WIRE)-- Sterling Financial Corporation (NASDAQ: STSA) today announced that David S. DePillo has been appointed to the newly created executive position of vice chairman of Sterling Financial Corporation (STSA) and its wholly owned subsidiary, Sterling Bank.
Greg Seibly, president and CEO of Sterling Financial Corporation, said, Dave DePillo has been an integral part of the Sterling team since 2010. This appointment provides further recognition of the significant contributions that Dave has made as we have repositioned Sterling. Daves role and leadership will continue to be critical as we work to become one of Americas great community banks.
DePillo has more than 25 years of banking, financial management and investment experience. He joined Sterling in October 2010 as chief credit officer and transitioned to chief lending officer in March 2012.
Previously, DePillo served as the vice chairman of the board of Fremont General Corporation (FGC), a financial services holding company, and of Fremont Investment & Loan, its wholly owned bank subsidiary. From November 2007 to September 2009, he was the president of both companies. From 1999 through 2006, DePillo served as the vice chairman, president and chief operating officer of Commercial Capital Bancorp Inc. and CCBI's subsidiary companies. From 1991 to 1998, DePillo served as the first vice president and director of multifamily banking for Home Savings of America, and as the president and chief operating officer of its real estate development subsidiaries and for its thrift holding company, H.F. Ahmanson & Co.
About Sterling Financial Corporation
Sterling Financial Corporation (NASDAQ:STSA) of Spokane, Wash., is the bank holding company for Sterling Savings Bank , a Washington state chartered and federally insured commercial bank. Sterling Savings Bank does business as Sterling Bank, First Independent Bank and Sonoma Bank (in California). Sterling offers banking products and services, mortgage lending, and trust and investment products to individuals, small businesses, corporations and other commercial organizations. As of March 31, 2012, Sterling had assets of $9.5 billion and operated 189 depository branches in Washington, Oregon, Idaho, Montana and California. Visit Sterlings website at www.bankwithsterling.com.
Sterling Financial Corporation
Cara L. Coon, 509-626-5348
Source: Sterling Financial CorporationCopyright Business Wire 2012