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Capital Offerings Profile

Company NameSterling Financial Corporation
Issuer NameSterling Capital Trust II
Offering TypePrivate Placement - Subsidiary Trust Preferred Stock
Description10.25% Trust preferred securities, due 07/25/31
Currency of IssueUSD
Announcement Date8/3/2001
Completion Date7/16/2001
Mandatory Redemption?Yes
Exchange for Existing Issue?No

Use of Proceeds
the net proceeds of this offering will be used for funding growth which amounts to approximately. $9 million and pay down approximately $15 million debt.

Offer Price ($)1,000.00
Gross Amount Offered ($000)24,000
Amount Including Overallotment ($000)24,000
Shares Offered24,000
Total Shares Offered24,000

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