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Eagle Bancorp Montana, Inc. Expands Franchise by Acquiring 7 Montana Branches from Sterling Savings Bank

HELENA, Mont.--(BUSINESS WIRE)--Eagle Bancorp Montana, Inc. (NASDAQ: EBMT) and its wholly-owned subsidiary, American Federal Savings Bank (collectively “Eagle”), today announced the signing of a definitive agreement to purchase seven branch banking locations from Sterling Savings Bank, a wholly-owned subsidiary of Sterling Financial Corporation (NASDAQ: STSA). The transaction will expand Eagle’s franchise to 13 branches and extend its branch network throughout Southern Montana. In addition, the transaction strengthens Eagle’s mortgage origination franchise and adds a wealth management business headquartered in Bozeman.