PARK STERLING CORP
Charlotte, N.C., August 24, 2015 - Park Sterling Corporation, the holding company for Park Sterling Bank
(NASDAQ: PSTB) announced today that it was listed in Fortune Magazine's annual ranking of America's
100 fastest growing companies.
Coming in at 35 on the list is a significant achievement for Park Sterling, since this is the first time the bank has been included in the annual compilation. No other commercial bank was recognized.
The list includes the top 100 publicly traded companies with a minimum market capitalization of $250 million and a stock price of at least $5 per share as of June 30, 2015. To be considered, companies must have shown revenue and net income for the four quarters ended on or before April 30, 2015 of at least
$50 million and $10 million, respectively, along with posting an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2015. The complete list and methodology can be found at www.http://fortune.com/100-fastest-growing- companies/.
"Park Sterling is proud to receive this recognition of performance from such a well-respected source", commented Jim Cherry, Park Sterling's Chief Executive Officer. "This achievement validates our ongoing efforts to create a regional bank in the Carolinas and Virginia that is large enough to offer the products, services and technologies that help our clients achieve their financial aspirations, but is still small enough to care that they do. We look forward to continued opportunities to provide 'Answers you can bank on®' for our shareholders, our customers and our employees."
About Park Sterling Corporation
Park Sterling Corporation, the holding company for Park Sterling Bank, is headquartered in Charlotte, North Carolina. Park Sterling, a regional, community-focused financial services company with approximately $2.4 billion in assets, is the largest community bank in the Charlotte area and has 52 banking offices stretching across the Carolinas and into North Georgia as well as a loan production office in the Greater Richmond region. The bank serves professionals, individuals, and small and mid-sized businesses by offering a full array of financial services, including deposit, mortgage banking, cash management, consumer and business finance, and wealth management. Park Sterling prides itself on being large enough to help customers achieve their financial aspirations, yet small enough to care if they do. Park Sterling is focused on building a banking franchise that is noted for sound risk management, customized product solutions and exceptional customer service. For more information, visit www.parksterlingbank.com. Park Sterling Corporation shares are traded on NASDAQ under the symbol PSTB.
Contact: Jim Cherry Chief Executive Officer Park Sterling Bank (804) 614-7437
jim.cherry@parksterlingbank.com
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