SLFI Sterling Financial (MM)

CAMP HILL, Pa., Jan. 22 /PRNewswire-FirstCall/ -- Pennsylvania State Bank announced today that they plan to open a branch office in downtown Harrisburg. The branch, slated to open in the spring, will be located at 114 North Second Street (Second and Locust Streets), pending final approvals. "Our Board saw it as a strategic decision to complement our suburban offices and get us closer to the small business niche which, as a community bank, we serve incredibly well," said Craig L. Kauffman, president and chief executive officer of Pennsylvania State Bank. "This new office in the hub of the greater Harrisburg market will provide greater convenience for our existing customers and introduce Pennsylvania State Bank to hundreds of businesses and individuals who do not bank with us today." "We are delighted to welcome Pennsylvania State Bank to downtown Harrisburg," said Mayor Stephen R. Reed. "In just a few short years of operation, the PA State Bank has already distinguished itself as one of the foremost business and consumer financial institutions in the Commonwealth. Their innovative customer service and lending practices are changing the way traditional banking is done in the Capital Region. We are very pleased they will be offering these opportunities at a convenient and strategic downtown location and look forward to their grand opening." Pennsylvania State Bank currently has locations in West Hanover, Camp Hill, Mechanicsburg, Colonial Park, Hershey and Carlisle. For more information about Pennsylvania State Bank, go to http://www.pastatebank.com/. With assets of $3.1 billion and investment assets under administration of $2.8 billion, Sterling Financial Corporation (NASDAQ:SLFI) is a diversified financial services company based in Lancaster, Pa. Sterling Banking Services Group affiliates offer a full range of banking services in south-central Pennsylvania, northern Maryland and northern Delaware; the group also offers correspondent banking services in the mid-Atlantic region to other companies within the financial services industry. Sterling Financial Services Group affiliates provide specialty commercial financing; fleet and equipment leasing; investment, trust and brokerage services; and insurance services. Visit http://www.sterlingfi.com/ for more information. Banking Services Group -- Banks: Pennsylvania: Bank of Lancaster County, N.A.; Bank of Lebanon County; PennSterling Bank; and Pennsylvania State Bank. Pennsylvania and Maryland: Bank of Hanover and Trust Company. Maryland: Bay First Bank. Delaware: Delaware Sterling Bank & Trust Company. Correspondent banking services: Correspondent Services Group (provider of Sterling services to other financial institutions). Financial Services Group -- Specialty commercial financing: Equipment Finance LLC (commercial financing company for the forestry, land clearing and construction industries). Fleet and equipment leasing: Town & Country Leasing, LLC (nationwide fleet and equipment leasing company). Trust, investment and brokerage services: Sterling Financial Trust Company (trust and investment services), Church Capital Management, LLC (registered investment advisor) and Bainbridge Securities Inc. (securities broker/dealer). Insurance services: Lancaster Insurance Group, LLC (independent insurance agency); and Sterling Financial Settlement Services, LLC (title insurance agency). This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include costs and efforts required to integrate aspects of the operations of the companies being more difficult than expected, anticipated merger-related synergies not being achieved timely or not being achieved at all, the possibility that increased demand or prices for Sterling's financial services and products may not occur, changing economic and competitive conditions, volatility in interest rates, technological developments, costs associated with complying with laws, rules and regulations, and other risks and uncertainties, including those detailed in Sterling's filings with the Securities and Exchange Commission. DATASOURCE: Pennsylvania State Bank CONTACT: Kathleen Aster Bowers, Sr. Vice President, Director of Marketing Services, +1-717-735-4597 (office), +1-717-475-6512 (mobile), Web site: http://www.pastatebank.com/ http://www.sterlingfi.com/

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