I am a FirstBank NW Corp., shareholder and would like to know how to convert my shares. How do I find out how many shares of Sterling stock I will have upon conversion?
Sterling acquired FirstBank NW Corp. effective November 30, 2006. In accordance with the Agreement and Plan of Merger approved by FirstBank shareholders at the November 8, 2006 meeting, each share of FirstBank common stock has been converted into 0.7890 shares of Sterling common stock. The number of shares of Sterling common stock you will receive is based on the number of shares of FirstBank common stock you own. You will also receive $2.55 in cash for every FirstBank common share you own. Cash will be paid in lieu of any fractional shares of Sterling common stock. Letters of Transmittal will be sent to all registered holders of FirstBank stock in mid-December 2006. If your stock is held in a brokerage account and held in “street” name, the conversion of your shares will take place at the brokerage firm and the number of converted shares will be reflected in your December 31, 2006, statement. Cash will be paid in lieu of any fractional shares of Sterling common stock. If, upon receipt
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