STSA
Sterling Financial CorporationNASDAQ
STSA is defunct.
  • Apr. 1, 2014, 1:23 PM
    • The deal is expected to close on or before April 18. Sterling Financial (STSA) owners will receive 1.671 shares of Umpqua Holdings (UMPQ +0.3%) stock and $2.18 in cash for each share of Sterling they own. Originally valued at just over $30 per share when the buyout was announced last September, the rise in Umpqua's stock makes it worth $33.41 today.
    | Apr. 1, 2014, 1:23 PM
  • Mar. 19, 2014, 6:09 AM
    • Sterling Financial Corporation (STSA) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.42%
    • Payable April 15; for shareholders of record April 1; ex-div March 27.
    | Mar. 19, 2014, 6:09 AM
  • Jan. 30, 2014, 4:44 PM
    • Sterling Financial Corporation (STSA) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.48%
    • Payable Feb. 27; for shareholders of record Feb. 13; ex-div Feb. 11.
    | Jan. 30, 2014, 4:44 PM
  • Oct. 24, 2013, 6:53 PM
    • Sterling Financial (STSA): Q3 EPS of $0.33 misses by $0.08.(PR)
    | Oct. 24, 2013, 6:53 PM
  • Oct. 24, 2013, 4:21 PM
    • Sterling Financial Corporation (STSA) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.70%
    • Payable Nov. 19; for shareholders of record Nov. 5; ex-div Nov. 1.
    | Oct. 24, 2013, 4:21 PM
  • Sep. 12, 2013, 9:11 AM
    | Sep. 12, 2013, 9:11 AM
  • Sep. 12, 2013, 2:12 AM
    • As flagged, Umpqua Holdings (UMPQ) has agreed to acquire Sterling Financial (STSA) for $2B in cash and stock, with the $30.52 a share offer representing a premium of 26% on the latter's close on August 30, when reports surfaced that the bank was for sale.
    • Private-equity firms Warburg Pincus and Thomas H. Lee Partners, which own a combined 41.6% of Sterling, support the deal.
    • The combined company will have $22B in assets, $15B in loans, $16B in deposits and almost 400 branches across five states, and will help Umpqua expand in California.
    • Umpqua CEO and President Ray Davis will continue in his roles, while Sterling boss Greg Seibly will become co-president of Umpqua.
    • Umpqua expects the acquisition to be 12% accretive to 2015 operating EPS with 100% of synergies phased in. (PR)
    | Sep. 12, 2013, 2:12 AM
  • Sep. 3, 2013, 12:46 PM
    | Sep. 3, 2013, 12:46 PM | 1 Comment
  • Sep. 1, 2013, 3:15 AM
    • Sterling Financial (STSA), which has a market cap of $1.51B, has reportedly held talks with at least two potential acquirers as it seeks takeover offers from other banks.
    • As of January 31, private-equity firms Warburg Pincus and Thomas H. Lee Partners each owned stakes of over 20% in the Washington state bank.
    | Sep. 1, 2013, 3:15 AM
  • Aug. 7, 2013, 3:59 PM
    • It's harvest time in the banking sector for private equity - which racked up median gains of more than 50% investing in a slew of banks between 2008 and 2010, according to KBW.
    • Among those where P-E is now a seller: Boston Private Financial (BPFH), First Republic Bank (FRC), Webster Financial (WBS), Wintrust Financial (WTFC).
    • The biggest gains - topping 100% - were in BankUnited (BKU), Bridge Capital (BBNK), First Merchants (FRME), and Sterling Financial (STSA).
    • No one bats 100% and P-E is under water in Capital Bank (CBF), Flagstar (FBC), Porter (PBIB), and Sun Bancorp (SNBC).
    | Aug. 7, 2013, 3:59 PM
  • Jul. 25, 2013, 7:06 PM
    Sterling Financial Corporation (STSA) declares $0.20/share quarterly dividend. For shareholders of record Aug. 6. Payable Aug. 20. Ex-div Aug. 2. (PR)
    | Jul. 25, 2013, 7:06 PM
  • Jul. 25, 2013, 6:27 PM
    Sterling Financial (STSA): Q2 EPS of $0.44 beats by $0.07. (PR)
    | Jul. 25, 2013, 6:27 PM
  • Jun. 17, 2013, 9:56 AM
    Sterling Financial (STSA) declares special dividend of $0.35/share. For shareholders of record June 28. Payable July 12. Ex-div date June 26. (PR)
    | Jun. 17, 2013, 9:56 AM
  • Apr. 25, 2013, 6:27 AM
    Sterling Financial Corporation (STSA) FQ1 EPS of $0.36. The board declares $0.20/share quarterly dividend, 33% increase from prior dividend of $0.15. Forward yield 3.75%. For shareholders of record May 06. Payable May 20. Ex-div date May 02. (PR)
    | Apr. 25, 2013, 6:27 AM
  • Apr. 24, 2013, 6:56 PM
    Sterling Financial (STSA): Q1 EPS of $0.36 beats by $0.01. (PR)
    | Apr. 24, 2013, 6:56 PM
  • Dec. 12, 2012, 9:33 AM
    Sterling Financial (STSA) declares $0.15/share quarterly dividend, in line with previous. Forward yield 2.87%. For shareholders of record Dec. 21. Payable Dec. 28. Ex-div date Dec. 19. Additionally, the board declares special dividend of $0.35/share payable with regular dividend. (PR)
    | Dec. 12, 2012, 9:33 AM