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Press release from Business Wire

Sterling Financial Corporation Announces Proposed Public Secondary Offering by Selling Stockholder

Tuesday, August 14, 2012

Sterling Financial Corporation Announces Proposed Public Secondary Offering by Selling Stockholder17:05 EDT Tuesday, August 14, 2012 SPOKANE, Wash. (Business Wire) -- Sterling Financial Corporation (NASDAQ:STSA) today announced a public secondary offering of 5,738,637 shares of its common stock by the United States Department of the Treasury. Sterling will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in this offering. The offering will be made under a shelf registration statement filed with the U.S. Securities and Exchange Commission. FBR Capital Markets & Co. and Sandler O'Neill + Partners, L.P. are acting as joint-bookrunning managers of the offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offering is being made by means of a prospectus supplement and accompanying base prospectus only, copies of which may be obtained from FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1001 Nineteenth Street North, Arlington, Virginia 22209, Telephone: 703-312-9500, Email: prospectuses@fbr.com; and from Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, Telephone: (866) 805-4128, Email: syndicate@sandleroneill.com. About Sterling Financial Corporation Sterling Financial Corporation (NASDAQ:STSA) of Spokane, Washington, 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 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 June 30, 2012, Sterling had assets of $9.6 billion and operated 187 depository branches in Washington, Oregon, Idaho, Montana and California. Visit Sterling's website at www.bankwithsterling.com. Sterling Financial CorporationMedia contact:Cara Coon, 509-626-5348cara.coon@bankwithsterling.comorInvestor contact:Patrick Rusnak, 509-227-0961