«

»

Umpqua Bank Acquires Sterling Financial

umpqua-bankPortland, Ore. — Oregon-based Umpqua Bank is just weeks away from acquiring Washington-based Sterling Financial Corporation.

A company representative says “the combined company, operating as Umpqua Bank, will have $22 billion in assets and nearly 400 stores across five states, forming the largest community bank on the United States’ West Coast.”

The merger is expected to be complete Friday, April 18, 2014.