Sterling Bank Declares Stock Dividend

Sterling Bank Declares Stock Dividend 


MOUNT LAUREL, N.J., July 1  /PRNewswire-FirstCall/ -- Sterling Bank
(NASDAQ:STNJ) today announced that its Board of Directors has declared a 5%
stock dividend on the outstanding common shares of the Bank.  This stock
Dividend will be issued on August 12, 2005, to shareholders of record as of the
close of business on July 29, 2005.

Sterling Bank is a community bank headquartered in Burlington County, New
Jersey, with assets of $310 million as of March 31, 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 to be located
in Voorhees Township, Camden County, New Jersey, which is planned for opening
in the third quarter 2005, subject to receipt of appropriate regulatory
approvals.  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.  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."

This news release may contain forward-looking statements.  We caution that such
statements may be subject to a number of uncertainties and actual results could
differ materially and, therefore, readers should not place undue reliance on
any forward-looking statements.  Readers should carefully review the risk
factors described in the Bank's Offering Circular dated May 4, 2005, for the
Bank's public offering of Common Stock and 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.  Sterling Bank assumes no obligation to
update any forward-looking information contained in this release or elsewhere,
except as required under applicable law. 

DATASOURCE: Sterling Bank



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

, or R. Scott Horner, Executive Vice President,

[phone] or , both of Sterling Bank



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

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