News

Warburg Pincus Private Equity X. L.P. invests $139 million in Sterling Financial Corp.

May 24, 2010/

A Wall Street private equity firm has agreed to invest $139 million in Sterling Financial Corp. http://www.sterlingfinancialcorporation-spokane.com/ as the Spokane bank holding company continues its recapitalization effort.

Warburg Pincus Private Equity X. L.P. http://www.warburgpincus.com/ would own 20.5 percent of Sterling if the company successfully completes its $720 million plan to raise enough capital to satisfy regulator requirements.

Bert Caldwell The Spokesman-Review

Full Story: http://www.spokesman.com/stories/2010/may/24/equity-firm-invest-139-million-sterling/

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