Umpqua, Sterling Financial receive regulatory approval for proposed merger

theflyonthewall.com

Umpqua Holdings (UMPQ) and Sterling Financial (STSA) announced that all regulatory approvals for their proposed merger, announced on September 11, 2013, have been received. This follows the approvals by Umpqua and Sterling shareholders, which were previously announced on February 26. Subject to the satisfaction of customary closing conditions, the merger is expected to be completed as of the close of business on April 18. The combined companies will operate as Umpqua Holdings Corporation, with banking operations conducted under the Umpqua Bank brand.

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