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Press release from Business Wire

Sterling Bank Celebrates New Branch Opening

Monday, July 16, 2012

Sterling Bank Celebrates New Branch Opening18:00 EDT Monday, July 16, 2012 EUGENE, Ore. (Business Wire) -- Sterling Bank is celebrating the opening of its new, full-service branch in downtown Eugene, located at 59 E. 11th Ave., with a ribbon-cutting ceremony Wednesday, July 18, at 10:30 a.m. Refreshments will be served and special guests from the community and the bank will be speaking. The new branch, which officially opened for business June 25, replaces the former in-store branch that was located inside the Eugene Wal-Mart. Sterling also consolidated its commercial banking and home loan offices into the new, full-service branch. The branch lobby and drive-through will be open from 9 a.m. to 5 p.m. Monday through Thursday, with extended hours on Fridays until 6 p.m., and open Saturdays from 9 a.m. to 1 p.m. The new location also offers the convenience of an ATM and night depository. The new branch location and added services reaffirms Sterling's commitment to improving lives and strengthening communities by providing banking services to the Eugene community. The new branch can be reached at the same phone number as the in-store branch: 541-484-2064. About Sterling Financial Corporation Sterling Financial Corporation (NASDAQ:STSA) of Spokane, Wash., is the bank holding company for Sterling Savings Bank, a Washington state chartered and federally insured commercial bank. Sterling Savings Bank does business as Sterling Bank, First Independent Bank and Sonoma Bank (in California). Sterling offers banking products and services, mortgage lending, and trust and investment products to individuals, small businesses, corporations and other commercial organizations. As of March 31, 2012, Sterling had assets of $9.5 billion and operated 189 depository branches in Washington, Oregon, Idaho, Montana and California. Visit Sterling's website at Sterling BankMedia contact:Cara L. Coon, 509-626-5348cara.coon@bankwithsterling.comorInvestor contact:Patrick Rusnak,