Sterling Financial Corporation of Spokane to do 1-for-66 reverse split
November 18, 2010 1 Comment
SPOKANE, Wash.–(BUSINESS WIRE)–
Sterling Financial Corporation (NASDAQ: STSA) (“Sterling”), the bank holding company of Sterling Savings Bank, today announced that its board of directors has approved a 1-for-66 share consolidation, or reverse stock split, that will become effective for trading purposes with the opening of trading on Friday, Nov. 19, 2010.
From a 24 cent stock to $15.84 in 24 hours – better buy fast! (For the humor impaired, that is a joke!)