| Business Summary | | Sterling
Financial
Corporation
(Sterling)
is
a
unitary
savings
and
loan
holding
company,
the
significant
operating
subsidiary
of
which
is
Sterling
Savings
Bank.
The
operating
subsidiaries
of
Sterling
Savings
Bank
are
Action
Mortgage
Company,
INTERVEST-Mortgage
Investment
Company
and
Harbor
Financial
Services,
Inc.
Sterling
provides
personalized,
quality
financial
services
to
its
customers.
The
Company
believes
that
this
dedication
to
personalized
service
has
enabled
it
to
maintain
a
stable
retail
deposit
base.
With
$2.66
billion
in
total
assets
at
December
31,
2000,
Sterling
attracts
deposits
from
the
general
public
through
77
retail
branches
located
primarily
in
rural
and
suburban
communities
in
Washington,
Oregon,
Idaho
and
Montana. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sterling
Financial
Corp.
is
a
unitary
savings
and
loan
holding
company
for
Sterling
Savings
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
3%
to
$101.5
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$37.7
million.
Net
income
rose
10%
to
$7.4
million.
Net
interest
income
reflects
increased
loans
and
investments,
partially
offset
by
higher
costs
of
LT
borrowings.
Earnings
benefitted
from
higher
service
charges
and
greater
number
of
transaction
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Harold Gilkey, 61 Chairman,
CEO | $456K | -- | William Zuppe, 59 Pres,
COO | 418K | $26K | Daniel Byrne, 46 CFO,
Sr. VP - Fin., Treasurer and Assistant Sec. | -- | -- | David Bobbitt, 53 Exec.
VP-Community Banking | 181K | -- | Heidi Stanley, 44 Exec.
VP-Corp. Admin., Sterling Savings | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|