Bank, the principal operating subsidiary of Sterling Financial
Corporation (NASDAQ:STSA), was named one of Washington state’s top
corporate philanthropists at the Puget Sound Business Journal’s annual
“Corporate Citizenship Awards” luncheon.
Among the hundreds of companies competing for consideration in this
year’s awards, Sterling was a top corporate philanthropist among
community banks and ranked third overall for medium-sized companies,
contributing more than $651,000 to Washington state charities and
“It is an honor to be recognized as one of Washington state’s most
philanthropic companies,” said Bob Weisel, Puget Sound market president.
“This award is a testament to our employees who are focused on creating
bridges to the possible for our customers and communities. Sustaining a
vibrant cultural and economic life where we live and work is at the core
of Sterling’s mission.”
In 2012, Sterling donated more than $971,500 to community organizations
throughout its footprint, including Northwest Harvest, YMCA, Rachel’s
Challenge and Habitat for Humanity. Sterling employees were also active
in their communities last year, contributing more than 53,000 hours to
nearly 2,000 charitable organizations. Of the total hours volunteered,
approximately 13,000 were part of Sterling’s employee volunteer time-off
program that was implemented in 2012. Through the program, Sterling
provides employees with 12 paid hours per year to volunteer during work
hours with a nonprofit, school or public service organization of their
More information about Sterling Bank’s giving program is available
online at: https://www.bankwithsterling.com/Community/GivingBack.aspx.
About Sterling Bank
Savings Bank, the principal operating subsidiary of Sterling
Financial Corporation (NASDAQ:STSA) of Spokane, Washington, is a
Washington state chartered and federally insured commercial bank.
Sterling Savings Bank does business as Sterling
Bank and, in California, as Sonoma
Bank and Borrego Springs Bank. Sterling offers banking products and
services, mortgage lending, and trust and investment products to
individuals, small businesses, corporations and other commercial
organizations. As of March 31, 2013, Sterling had assets of $9.26
billion and operated depository branches in Washington, Oregon, Idaho
and California. Visit Sterling’s website at www.bankwithsterling.com.
Copyright Business Wire 2013