Sterling Reverts to Sterling Status, We Guess

This past week, it was officially announced that Sterling Savings Bank was no longer on the 'bad bank' or 'troubled bank' list.  That list is now about 880 banks spread throughout the U.S.  The FDIC removes a bank from the troubled bank list when the bank is taken over by the FDIC (or sold to some other bank), or when the FDIC concludes that the bank has managed to alter its financial position sufficiently to return to serving the public, or whatever it is that banks advertise themselves as doing.  In this case, Sterling got a lot of new money from private investors.  And thus is its position improved.  It's still a penny stock, though, selling under a dollar.