PURCHASE AND ASSUMPTION AGREEMENT dated as of February 19, 2014 between STERLING SAVINGS BANK and BANNER BANKPurchase and Assumption Agreement • February 21st, 2014 • Banner Corp • State commercial banks • Delaware
This PURCHASE AND ASSUMPTION AGREEMENT, dated as of February 19, 2014 (this “Agreement”), between Sterling Savings Bank, a Washington state-chartered bank and a wholly-owned subsidiary of Sterling Financial Corporation, a Washington corporation (“Sterling”) with its principal office located in Spokane, Washington (subject to Recital A below, “Seller”), and Banner Bank, a Washington state-chartered bank with its principal office located in Walla Walla, Washington (“Purchaser”).
