Sterling Financial Corporation Announces Divestiture of Three Retail Branches
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SPOKANE, Wash.--(BUSINESS WIRE)--Sterling Financial Corporation (NASDAQ:STSA) today announced that its principal operating subsidiary, Sterling Savings Bank (“Sterling”), has entered into a definitive agreement to sell three retail branches to Bank of the Pacific, the principal operating subsidiary of Pacific Financial Corporation. The branches are located in Astoria, Ore., Seaside, Ore., and Aberdeen, Wash. The transaction is expected to be finalized by the end of the second quarter of 2013, an a style='font-
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