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Capital Offerings Profile

Company NameSterling Financial Corporation
Offering TypePrivate Placement - Preferred Stock
DescriptionVariable rate series A cumulative perpetual preferred stock issued under TARP, $1.00 par value
Currency of IssueUSD
 
Announcement Date11/24/2008
Completion Date12/5/2008
 
144a?No
Mandatory Redemption?No
Convertible?Yes
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used to enhance the company's financial flexibility to make additional loans to the businesses and consumers in the communities in which it serves.

Pricing
Offer Price ($)1,000.00
Gross Amount Offered ($000)303,000.00
Amount Including Overallotment ($000)303,000.00
Shares Offered303,000
Total Shares Offered303,000

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