December 3, 2007 / 1:30 PM / 11 years ago

North Valley ends merger agreement with Sterling Financial

Dec 3 (Reuters) - Bank holding company North Valley Bancorp NOVB.O said it ended its merger agreement with Sterling Financial Corp STSA.O.

North Valley said it was advised by Sterling that the regulatory approvals required for the merger on or before November 30 “have not been obtained and are not likely to be obtained in the near future.”

Sterling Financial had agreed to buy North Valley for about $196.2 million in cash and stock in April.

Reporting by Aniruddha Basu in Bangalore

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