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Local News - Local - October 25, 2012
Lawsuits against bank dropped
Separately, Sterling buys company with 10 offices in Southern California

By Jessica Valencia
Of the Journal of Business

Class-action lawsuits in Washington and Oregon against Spokane-based Sterling Financial Corp. were dropped voluntarily Oct. 16, the company says.

Separately, Sterling plans to acquire a minority-owned bank in Southern California.

The lawsuits claimed Sterling Bank, for which Sterling Financial is the parent company, improperly listed debit-card transactions from highest to lowest dollar amount, instead of chronologically, leading to a greater number of overdraft fees....


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