Sterling Savings Bank Hires Regional Director to Lead Home Loan Division in California

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Sterling to begin operating home mortgage lending centers in Northern California

“Robb will provide great leadership and direction as the company works toward its goal of becoming one of America’s truly great banks.”

- Sterling Home Loan Division Executive Vice President Donn Costa

Sterling Savings Bank, a subsidiary of Sterling Financial Corporation (NASDAQ:STSA), will begin operating home mortgage lending centers in Northern California under the leadership of Robb Kenyon, whose appointment as California regional director was recently announced by Sterling and Sonoma Bank President Ezra Eckhardt.

Sterling Savings Bank, headquartered in Spokane, does business in California under the Sonoma Bank name with 14 branches in and around the Bay Area.

Kenyon, a California native with more than 20 years of experience in mortgage lending, comes to Sonoma from Seattle Mortgage, where he was vice president of residential lending. He also served as divisional builder manager with Bank of America and both branch and regional builder manager with Countrywide.

“Robb will provide great leadership and direction as the company works toward its goal of becoming one of America’s truly great banks,” said Sterling Home Loan Division Executive Vice President Donn Costa. “We intend to work with existing bank branches to support their customers’ home lending needs, in addition to having stand-alone production locations.”

Sterling is one of the largest banks in the Northwest, with 178 branches and more than 30 home lending offices throughout Washington, Oregon, Idaho, Montana and California.

The company has three decades of success in home lending and has financed more residential purchases in Washington state than any other company based in the state.

About Sterling Financial Corporation

Sterling Financial Corporation of Spokane, Wash., is the bank holding company for Sterling Savings Bank, 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 had assets of $9.49 billion and operated 178 depository branches throughout Washington, Oregon, Idaho, Montana and California. Visit Sterling’s website at http://www.sterlingfinancialcorporation-spokane.com.

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Cara Coon
Sterling Savings Bank
509-626-5348
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