Wednesday, April 11, 2007

RPT-UPDATE 1-Sterling Financial to buy North Valley Bancorp

(Reuters) - In a regulatory filing, Sterling said the deal will add to earnings in 2008 and forecast 2008 pro-forma net income of $154.5 million, which includes North Valley results.

The acquisition is expected to close in the third quarter and the company sees cost saving opportunities from redundant back office operations.


Read more at Reuters.com Bonds News

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