Sterling Financial Corporation Announces Reverse Stock Split

Sterling Financial Corporation STSA today announced that its board of directors has approved a 1-for-66 share consolidation, or reverse stock split, that will become effective for trading purposes with the opening of trading on Friday, Nov. 19, 2010. The primary objective in effecting a reverse stock split is to better enable Sterling to maintain the listing of its common shares on The NASDAQ Capital Market. Sterling's common shares will continue trading on The NASDAQ Capital Market and will begin trading on a split-adjusted basis at the opening of trading on Friday, Nov. 19, 2010.