Monday, February 24, 2003

Business

Funding an economic boost
Interview with Harold Gilkey, chairman, Sterling Financial Corp.

Gilkey

What are the challenges facing Washington financial institutions in 2003?

"The industry should, by and large, do OK because interest rates are low."

Do you anticipate any progress in Sterling's litigation (for damages possibly in excess of $100 million) against the federal government?

"We expect a court date the latter part of this year and an outcome sometime in 2004."

If you were running the state of Washington, what would you be doing?

"The state needs to be more competitive. Government must lower its operating costs, or create an environment where people will move their business."

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