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Capital Offerings Profile

Company NameSterling Financial Corporation
Issuer NameSterling Capital Trust IV
Offering TypeSubsidiary Trust Preferred
DescriptionFloating rate trust preferred securities, due 05/15/33
Currency of IssueUSD
Trading Symbol (Exchange)SPR.GA (OTC)
 
Announcement Date5/16/2003
Completion Date5/15/2003
 
144a?Yes
Mandatory Redemption?Yes
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of this offering will be used to redeem $40 million of 9.5% trust preferred securities of Sterling Capital Trust I.

Pricing
Offer Price ($)1,000.00
Gross Amount Offered ($000)10,000.00
Amount Including Overallotment ($000)10,000.00
Shares Offered10,000
Total Shares Offered10,000

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