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Capital Offerings Profile

Company NameSterling Financial Corporation
Offering TypePrivate Placement - Common Stock
DescriptionCommon stock, no par value
Currency of IssueUSD
Trading Symbol (Exchange)STSA (NASDAQ)
Announcement Date4/27/2010
Completion Date8/26/2010
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of this offering will be used for general corporate purposes, which is expected to include the pay down of in liabilities and may include the funding of potential acquisitions.

Offer Price ($)0.20
Gross Amount Offered ($000)58,400
Amount Including Overallotment ($000)58,400
Shares Offered292,000,000
Total Shares Offered292,000,000

UnderwritersShares UnderwrittenAmount Underwritten($000)
Placement Agent(s)
  B. Riley FBR, Inc.--
  Barclays Capital Inc.--
  Sandler O'Neill & Partners, L.P.--

Issuer's CounselDavis Polk & Wardwell, LLP

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