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Capital Offerings Profile

Company NameSterling Financial Corporation
Issuer NameSterling Capital Trust VIII
Offering TypePrivate Placement - Subsidiary Trust Preferred Stock
DescriptionFloating rate trust preferred securities, due 12/15/36
Currency of IssueUSD
 
Announcement Date9/21/2006
Completion Date9/20/2006
 
144a?No
Mandatory Redemption?Yes
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
Proceeds from the issuance will be used for general corporate purposes.

Pricing
Offer Price ($)1,000.00
Gross Amount Offered ($000)50,000
Amount Including Overallotment ($000)50,000
Minimum Denominations/Increments100,000/1,000
Shares Offered50,000
Total Shares Offered50,000

UnderwritersShares UnderwrittenAmount Underwritten($000)
Placement Agent(s)
  First Tennessee Bank, National Association--
  Sandler O'Neill & Partners, L.P.--

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