Several Montana banks facing disciplinary action – Sterling Bank embarks on comeback strategy

A decline in the economy and the real estate market has hit several Montana banks, from Billings to Bozeman to Helena, and banking regulators are taking action to ensure Montana’s money is safe.

Montana Division of Banking Commissioner Annie Goodwin says, "What we have seen in Montana is not unlike what has been occurring nationally. The economy nationally has been distressed and it has also occurred in Montana."

by Marnee Banks

Full Story: http://www.kxlh.com/news/several-montana-banks-facing-disciplinary-action/

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Sterling embarks on comeback strategy

Top executives of Sterling Financial Corp. http://www.sterlingsavingsbank.com/default.aspx , which is back from the brink after completing one of the largest recapitalization plans ever for a Northwest bank, begin this week to put in place the strategy that will grow what in essence is a whole new bank. They’re not out to restore the bank that was, but to build a new Sterling.

Ever since the October day when Sterling CEO J. Gregory (Greg) Seibly was thrust into the top role as the Fed issued a cease and desist order and forced the board to oust Chairman Harold Gilky and CEO Heidi Stanley, he has operated under the burden of control by the Fed and the relentless demand for recapitalization.

Mike Flynn

Full Story: http://www.emikeflynn.com/blog/flynns-harp-sterling-embarks-on-comeback-strategy-/102/#post