Sterling Bank Launches External Transfer Service

Sterling Bank, the principal operating subsidiary of Sterling Financial Corporation (NASDAQ: STSA), has launched External Transfer, the latest enhancement to Sterling Bank’s digital banking services. External Transfer is a free service offered through Sterling Bank Personal Online Banking that allows customers to transfer money between Sterling Bank accounts and accounts held at other financial institutions.

“External Transfer strengthens Sterling Bank’s Online Banking services, allowing customers to easily transfer money between accounts held at other institutions and their Sterling Bank accounts without having to complete extra paperwork or visit a branch,” said Patricia Baughman, Sterling Bank’s director of Corporate Product Management and Market Research. “With the existing ability to view external account balances and transactions plus the added ability to transfer funds with external accounts, Sterling Bank’s Online Banking becomes a powerful financial tool rarely found in other community banks in our market.”

For more information, visit www.BankWithSterling.com.

About Sterling Bank

Sterling Savings Bank, the principal operating subsidiary of Sterling Financial Corporation (NASDAQ:STSA) of Spokane, Washington, is a Washington state chartered and federally insured commercial bank. Sterling Savings Bank does business as Sterling Bank and, in California, as Sonoma Bank and Borrego Springs Bank. 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, 2013, Sterling had assets of $9.94 billion and operated depository branches in Washington, Oregon, Idaho and California. Visit Sterling’s website at www.bankwithsterling.com.

Copyright Business Wire 2010

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