2011-02-24 22:38:20 -
Sterling Savings Bank : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. , a subsidiary of Sterling Financial Corporation : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. (NASDAQ: STSA), today announced the appointment of Executive Vice President Carol S. Mangan to the role of market president for Oregon, and Senior Vice President Robert R. Weisel to the role of market president for the Seattle/Puget Sound area.
The role of the market presidents will be to increase public awareness of commercial banking in the metropolitan markets along the 1-5 corridors in Seattle and Portland, as well as expand Sterling’s involvement in the surrounding communities, participating more broadly in state organizations and boards. They will also have indirect responsibilities to Sterling’s other lines of business, including retail branches, the home loan division
and Small Business Administration (SBA) lending.
Mangan joined Sterling in 2001 as a corporate banker in Portland. She was subsequently promoted to team leader and executive leader, overseeing Sterling’s commercial group.
“Carol has extensive knowledge of the Oregon markets as she lived and worked in Portland for many years,” said Ezra Eckhardt, Sterling Savings Bank’s president. “She has very strong connections within the Portland business community and has made significant contributions to Sterling’s commercial, corporate and SBA teams. With more than 30 years of banking in Portland, we believe her experience sets us apart within the market.”
Weisel has been with Sterling since July 2004. He started as the Seattle corporate banking team leader, and in 2006 was promoted to corporate banking director. In response to Sterling’s focus on distressed asset resolution, he accepted a position last year in special assets, focusing on commercial and industrial credit resolution.
“Bob is well-respected within the Seattle business community and among his peers throughout the bank,” Eckhardt said. “His leadership will help expand Sterling’s strong presence in the Puget Sound.”
About Sterling Financial Corporation
Sterling Financial Corporation :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. of Spokane, Wash., is the bank holding company for Sterling Savings Bank :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. , a commercial bank. The bank is state chartered and federally insured. Sterling offers banking products and services, mortgage lending, construction financing and investment products to individuals, small businesses, commercial organizations and corporations. As of Dec.
31, 2010, Sterling Financial Corporation :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. had assets of $9.49 billion and operated 178 depository branches throughout Washington, Oregon, Idaho, Montana and California. Visit Sterling’s website at www.sterlingfinancialcorporation-spokane.com :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
Sterling Savings Bank :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ranked “Highest Customer Satisfaction with Retail Banking in the Northwest Region” in the J.D. Power and Associates 2010 Retail Banking Satisfaction Study. SM Sterling Savings Bank received the highest numerical score among retail banks in the Northwest region in the proprietary J.D. Power and Associates 2010 Retail Banking Satisfaction Study SM . The study was based on 47,673 total responses measuring 6 providers in the Northwest Region (OR, WA) and measures opinions of consumers with their primary banking provider.
Proprietary study results are based on experiences and perceptions of consumers surveyed in January 2010. Your experiences may vary. Visit jdpower.com :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
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Sterling Savings BankMedia contact:Cara L. Coon,
509-626-5348
cara.coon@sterlingsavings.com : mailto:cara.coon@sterlingsavings.com orInvestor
contact:Daniel G. Byrne, 509-458-3711David Brukardt,
509-863-5423
