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Capital Offerings Profile

Company NameSterling Financial Corporation
Issuer NameSterling Capital Trust VII
Offering TypeSubsidiary Trust Preferred
DescriptionFloating rate trust preferred securities, due 06/15/36
Currency of IssueUSD
Announcement Date6/15/2006
Completion Date6/14/2006
Mandatory Redemption?Yes
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use the net proceeds from this offering for general corporate purposes.

Offer Price ($)1,000.00
Gross Amount Offered ($000)55,000
Amount Including Overallotment ($000)55,000
Minimum Denominations/Increments100,000/1,000
Shares Offered55,000
Total Shares Offered55,000

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