Sterling Bank Declares Quarterly Cash Dividend
April 27 2005 - 11:07AM
PR Newswire (US)
Sterling Bank Declares Quarterly Cash Dividend MOUNT LAUREL, N.J.,
April 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 May 27, 2005, to
shareholders of record as of May 18, 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 which is planned for opening later in 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/
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