Sterling Financial Corporation (Sterling) is a bank holding company for Sterling Savings Bank. Sterling Savings Bank is a state-chartered commercial bank. Sterling Savings Bank offers retail and commercial banking products and services, mortgage lending and investment products to individuals, small businesses, commercial organizations and corporations. Sterling operates in two segments: Community Banking, which provides traditional banking services through the retail banking, private banking and commercial banking groups, including the originating and servicing of commercial real estate, owner occupied CRE and C&I loans, and Home Loan Division, which originates and sells residential real estate loans through its mortgage banking operations, on both a servicing-retained and servicing-released basis. Effective May 10, 2013, the Company acquired the Seattle-area operations of Boston Private Bank & Trust Company. In October 2013, it acquired Commerce National Bank (CNB).