Sterling Bank (NASDAQ:STNJ)
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Sterling Bank Declares Quarterly Cash Dividend
MOUNT LAUREL, N.J., July 27 /PRNewswire-FirstCall/ -- Sterling Bank
(NASDAQ:STNJ), today announced that its Board of Directors has declared the
Bank's regular quarterly cash dividend on its common stock of $0.03 per common
share.
The cash dividend is payable on August 26, 2005, to shareholders of record as
of August 17, 2005.
Sterling Bank is a community bank headquartered in Burlington County, New
Jersey, with assets of $336 million as of June 30, 2005. 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.
Additionally, Sterling Bank has announced a seventh retail branch which is
planned for opening in the fourth quarter of 2005 in Voorhees Township, 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 Small Cap 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) and actual results may
differ materially. Accordingly, 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, 2004, Quarterly Reports
on Form 10-QSB, and Current Reports on Form 8-K.
DATASOURCE: Sterling Bank
CONTACT: Robert H. King, President, +1-856-273-5900,
, or R. Scott Horner, Executive Vice President,
+1-856-273-5900, , both of Sterling Bank
Web site: http://www.sterlingnj.com/