Sterling Bank Announces Quarterly Cash Dividend
January 26 2007 - 10:52AM
PR Newswire (US)
MOUNT LAUREL, N.J., Jan. 26 /PRNewswire-FirstCall/ -- Sterling Bank
(NASDAQ:STNJ) today announced that its Board of Directors has
authorized a regular quarterly cash dividend payment of $0.03 per
common share. This cash dividend will be paid on February 21, 2007,
to shareholders of record as of February 5, 2007. This represents
the thirteenth consecutive quarterly cash dividend authorized and
paid by Sterling Bank. Sterling Bank is a community bank
headquartered in Burlington County, New Jersey, with assets of $335
million as of September 30, 2006. Sterling Bank's main office is
located in Mount Laurel, New Jersey, and its six other Community
Banking Centers are located in Burlington and Camden Counties in
New Jersey. Sterling Bank began operations in December 1990 with
the purpose of serving consumers and small to medium-sized
businesses in its market area. The Bank's deposits are insured to
the applicable regulatory limits per depositor by the Federal
Deposit Insurance Corporation. Sterling Bank is a member of the
Federal Reserve System. The common stock of Sterling Bank is traded
on the NASDAQ Capital Market under the symbol "STNJ." For
additional information about Sterling Bank visit our website at
http://www.sterlingnj.com/. This news release may contain certain
forward-looking statements, such as statements of the Bank's plans,
objectives, expectations, estimates and intentions. Forward-looking
statements may be identified by the use of words such as "expects,"
"subject," "believe," "will," "intends," "will be" or "would."
These statements are subject to change based on various important
factors (some of which are beyond the Bank's control). Readers
should not place undue reliance on any forward-looking statements
(which reflect management's analysis only as of the date of which
they are given). These factors include general economic conditions,
trends in interest rates, the ability of our borrowers to repay
their loans, the ability of the Bank to effectively manage its
growth, and results of regulatory examinations, among other
factors. Sterling Bank cautions that the foregoing list of
important factors is not exclusive. Readers should carefully review
the risk factors described in other documents the Bank files from
time to time with the Federal Reserve, including the Bank's Annual
Report on Form 10-KSB for the year ended December 31, 2005,
Quarterly Reports on Form 10-QSB, and Current Reports on Form 8-K.
DATASOURCE: Sterling Bank CONTACT: Robert H. King, President, , or
R. Scott Horner, Executive Vice President, , both of Sterling Bank,
+1-856-273-5900 Web site: http://www.sterlingnj.com/
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