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Umpqua Holdings Corp and Sterling Financial Corp shareholders overwhelmingly approve merger

Wednesday, 26 Feb 2014 08:00am EST 

Umpqua Holdings Corp and Sterling Financial Corp:Says that their respective shareholders have voted to approve the companies' agreement and plan of merger, previously announced on Sep 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.Completion of the merger, which provides for Sterling to merge into Umpqua, is expected in Q2 2014, pending regulatory approvals and other customary closing conditions. 

Company Quote

-0.04 -0.23%
26 Dec 2014