Sterling Bank Declares Cash Dividend

Sterling Bank Declares Cash Dividend 


MOUNT LAUREL, N.J., April 29  /PRNewswire-FirstCall/ -- Sterling Bank  today
announced that its Board of Directors has declared a cash dividend of $0.02 per
common share. This dividend is payable on May 26, 2004, to shareholders of
record as of May 12, 2004.

In announcing the cash dividend, Robert H. King, President and CEO, stated,
"This is the second quarterly cash dividend declared by the Board of Directors
during 2004, and reflects our continuing growth and strength."

Sterling Bank is a community bank headquartered in Burlington County, New
Jersey, with assets of $278 million as of March 31, 2004.  Sterling Bank's main
office is located in Mount Laurel, New Jersey and its five 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 by the Federal Deposit Insurance Corporation up to the
applicable regulatory limits per depositor.

Information in this release or in other communications by Sterling Bank
relating to the Bank's financial performance or prospects that are forward-
looking statements, such as statements of the Bank's plans, objectives,
expectations, estimates and intentions, involve risks and uncertainties and are
subject to change based on various important factors. The following factors,
among others, could cause the Bank's actual financial performance to differ
materially from such statements: the strength of the United States economy in
general and the strength of the local economies in which the Bank conducts
operations; the effects of, and changes in, trade, monetary and fiscal policies
and laws, including interest rate policies of the Board of Governors of the
Federal Reserve System; inflation; interest rate, market and monetary
fluctuations; the timely development of and acceptance of new products and
services of the Bank and the perceived overall value of these products and
services by users, including the features, pricing and quality compared to
competitors' products and services; the impact of changes in financial
services' laws and regulations; technological changes; the effect of any
acquisitions; changes in consumer spending and saving habits; and the ability
of the Bank to effectively manage its growth.  Additional information about
factors that potentially could affect the Bank's financial results is included
in other documents the Bank files from time to time with the Federal Reserve,
including its Annual Report on Form 10-KSB for the year ended December 31,
2003, future quarterly reports on Form 10-QSB, and any current reports on Form
8-K. 

DATASOURCE: Sterling Bank



CONTACT:  Robert H. King, President, [phone],

; or R. Scott Horner, Executive Vice President,

[phone], , both of Sterling Bank



Web site:  http://www.sterlingnj.com/ 

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