UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 23, 2010
_______________________
STERLING FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Washington 0-20800 91-1572822
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or
organization)
111 North Wall Street, Spokane, Washington 99201
(Address of principal executive offices) (Zip Code)
(509) 458-3711
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 8.01. Other Events.
(a) Sterling Financial Corporation ("Sterling") announced the extension of
the expiration date to 5:00 p.m. Eastern Daylight Time, March 31, 2010 from
March 23, 2010 for the redemption of certain of its managed trust preferred
securities ("TruPS"). The revised expiration date coincides with the deadline
for the redemption of the balance of its unmanaged TruPS. The aggregate
principal amount of the Sterling TruPS is $238 million in total.
With the exception of the new deadline, the terms and conditions of the
offers to redeem the TruPS will be the same for all TruPS holders as outlined in
an 8-K filing by Sterling on February 1, 2010.
Consummation of any offer is conditioned upon Sterling's receipt of net
proceeds from an equity offering, sale of assets or other transaction sufficient
to purchase the TruPS that are validly tendered and not withdrawn, and the
approval, to the extent required, by banking regulators. There can be no
assurance that any of these efforts will be successful.
This filing is for informational purposes only and is not an offer to
purchase, a solicitation of an offer to purchase or a solicitation of consent
with respect to any securities.
Forward-Looking Statements
This filing contains certain "forward-looking" statements relating to
Sterling's offer to repurchase its TruPS. These forward-looking statements are
subject to various risks and uncertainties, many of which are beyond the control
of Sterling, which could cause actual results to differ materially from such
statements. Such risks and uncertainties include, but are not limited to,
Sterling's ability to complete a financing transaction on favorable terms, if at
all, the receipt of consents and tenders from holders of the TruPS sufficient to
approve the proposed amendments to the applicable indenture governing the note
underlying the relevant series of TruPS and such other factors as are described
in greater detail in Sterling's filings with the Securities and Exchange
Commission, including, without limitation, Item 1A. Risk Factors of Sterling's
Annual Report on Form 10-K for the fiscal year ended December 31, 2009. Unless
legally required, Sterling disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise.
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
STERLING FINANCIAL CORPORATION
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(Registrant)
March 23, 2010 By: /s/ Daniel G. Byrne
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Date Daniel G. Byrne
Executive Vice President,
Assistant Secretary and
Principal Financial Officer