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