Umpqua Holdings and Sterling Financial's shareholders approve their merger plan
M2 - Thu Feb 27, 3:01AM CST
The parent company of Umpqua Bank, Umpqua Holdings Corporation (NASDAQ:UMPQ) and the holding company for Sterling Savings Bank, Sterling Financial Corporation (NASDAQ:STSA) both declared on Wednesday that their respective shareholders overwhelmingly voted in favour of the companies' Agreement and Plan of Merger, signed on 11 September 2013.
UMPQ: 16.82 (+0.17), STSA: 33.10 (-0.51)
Umpqua Holdings Corporation and Sterling Financial Corporation Shareholders Overwhelmingly Approve Merger
Business Wire - Wed Feb 26, 7:01AM CST
Umpqua Holdings Corporation (NASDAQ:UMPQ) and Sterling Financial Corporation (NASDAQ:STSA) are pleased to announce that their respective shareholders have voted overwhelmingly to approve the companies' Agreement and Plan of Merger, previously announced on September 11, 2013. Umpqua's shareholders also approved an amendment to Umpqua's articles of incorporation, effective at the closing of the merger, increasing the number of authorized shares of common stock to 400,000,000.
UMPQ: 16.82 (+0.17), STSA: 33.10 (-0.51), IMH: 9.97 (+0.10)