Umpqua to take over Sterling Savings Bank

PORTLAND — By early next year, Umpqua Holdings Corp. will finish off a $2 billion transaction by purchasing Sterling Financial Corporation, including the Lynden Sterling Savings Bank location at 1794 Front St. The acquisition will give Umpqua Bank 394 locations in five states — Oregon, Washington, Idaho, California and Nevada. There is also a branch…

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Tim Newcomb is the assistant editor of the Lynden Tribune. Email Tim at tim@lyndentribune.com. Follow the Tribune on Twitter at @LyndenTribune.