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Sterling Bank hires new wealth management director

Sterling Bank, the principal operating subsidiary of Sterling Financial, has appointed Renee Newman as a senior vice president and director of its wealth management group, which focuses on estate planning, investments and portfolio management.

Newman joined Sterling in February 2012 pursuant to the acquisition of First Independent Bank, which she joined in October 2007.

She has over 20 years of banking expertise and worked in commercial, private, treasury, retail and real estate banking.

In the new role, Newman and team will work with the mass affluent market to help individuals and families grow, manage, protect and transfer wealth, the bank said.

Sterling Savings Bank is a Washington state chartered and federally insured commercial bank and operates as Sterling Bank and Sonoma Bank in California.

The bank provides financial products and services, mortgage lending, and trust and investment products to individuals, small businesses, corporations and other commercial organizations.