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(18 Total References)
AINSLIE CHARLES J
111 N. WALL STREET
Director - Golf Savings Bank
Sterling Financial Corporation of Spokane, Washington, Announces Definitive Agreement to Acquire Lynnwood Financial Group, Inc. of Mountlake Terrace, Washington
Charles J. Ainslie, President, Chairman and Chief Executive Officer of Lynnwood, stated, "The combination of Sterling and Lynnwood will build on Sterling's foundation as a leading regional community bank.Lynnwood's retail and construction lending capabilities and profitability will complement Sterling's existing Puget Sound franchise.The continued economic growth in the northern Puget Sound area provides abundant opportunities for our combined operations.Lynnwood's construction customers should be pleased that the combined company will be well-positioned to accelerate delivery of more compelling and cost-effective solutions to the growing needs in the region."Ainslie continued, "This transaction will provide numerous opportunities for Lynnwood lenders, bankers and support personnel within the larger organization."
...-- Harold B. Gilkey, Chairman and CEO of Sterling Financial Corporation -- Charles J. Ainslie, Chairman and CEO of Lynnwood Financial Group, Inc. -- Daniel G. Byrne, EVP and CFO of Sterling Financial Corporation
...Charles J. Ainslie President, Chairman and Chief Executive Officer (425)774-4999
Sterling Financial Corporation of Spokane, Washington, Completes Merger With Lynnwood Financial Group, Inc.
Lynnwood founder Charles Ainslie and his wife, Lynette, will receive all of the cash consideration, plus a portion of the shares of Sterling common stock, for the shares of Lynnwood common stock that they own.
History @ Golf Savings Bank
Throughout the 1980s and 1990s, Lynnwood Mortgage, under the leadership of its founder, Charles Ainslie, grew steadily, navigating the highs and lows of the economy and eventually becoming one of the most successful mortgage banks in the Northwest.
0001368779 AINSLIE CHARLES J 111 N. WALL STREET SPOKANE WA 99201 1 0 0 1 Director - Golf Savings Bank