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Park Sterling Corporation Names Nina Cloaninger as Chief Credit Officer


February 16, 2011 - CHARLOTTE, NC

Park Sterling Corporation (NASDAQ: PSTB), the holding company for Park Sterling Bank, announced today that Nina Cloaninger has been named Chief Credit Officer for Park Sterling Bank. Ms. Cloaninger brings significant experience and expertise in risk management, commercial lending, and portfolio management.

"We continue to implement our strategy of recruiting high quality talent and are pleased to have Nina join our team. With substantial experience in Park Sterling's target markets, she has an especially strong background in commercial banking risk management with a focus on delivering value-added solutions to clients. Nina also is well versed in portfolio due diligence and process review having spent the past two years working with firms in the acquisition mode. Her profile is a perfect fit for Park Sterling's strategic objectives," said James C. Cherry, Park Sterling's Chief Executive Officer.

A banking veteran, Ms. Cloaninger spent over 25 years with Bank of America in various senior-level risk management roles. In addition to other positions throughout her career, she was the East Region Risk Executive for Bank of America, leading a team of risk officers covering the Carolinas, Virginia and other Southeastern states.

Ms. Cloaninger holds an undergraduate degree, as well as an MBA, from the University of North Carolina at Chapel Hill.

About Park Sterling Corporation

Park Sterling Corporation is the holding company for Park Sterling Bank, headquartered in Charlotte, North Carolina. The Bank's primary focus is to provide banking services to small and mid-sized businesses, owner occupied and income producing real estate owners, professionals, and other customers doing business or residing within its target areas. Park Sterling Bank is committed to building a banking franchise across the Carolinas and Virginia that is noted for sound risk management, superior client service and exceptional client relationships. For further information, visit www.parksterlingbank.com. Park Sterling's shares are traded on NASDAQ under the symbol PSTB.

Contact:

Jim Cherry
CEO
Park Sterling Bank
704 323 4300
Email Contact

Charlotte Laurent-Ottomane
Nvestcom
561 395 4581
Email Contact

MarketWire

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