STERLING FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Sterling

  STERLING FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF
  LOUISIANA: Kahn Swick & Foti, LLC Investigates Sterling Financial
  Corporation Following Announcement of Proposed Sale of Company to Umpqua
  Holdings Corporation

Business Wire

NEW ORLEANS -- September 12, 2013

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law
firm of Kahn Swick & Foti, LLC (“KSF”) announce that KSF has commenced an
investigation into the Board of Directors of Sterling Financial Corporation
(“Sterling” or the “Company”) (NASDAQ CM: STSA) in connection with their
conduct related to the sale of the Company to Umpqua Holdings Corporation
(“Umpqua”) (NASDAQ GS:  UMPQ). Under the terms of the proposed transaction,
shareholders of Sterling will receive 1.671 shares of Umpqua common stock and
$2.18 in cash for each share of Sterling common stock that they own,
representing an implied price per share of Sterling stock of $30.52, based on
the $16.96 closing price of Umpqua shares on September 11, 2013.

KSF’s investigation is focusing on whether Sterling and/or its officers and
directors secured sufficient value for the shareholders of the Company,
violated their fiduciary duties, and/or violated state or federal securities
laws.

If you have information that would assist KSF in its investigation, or would
like to discuss your legal rights, you may, without obligation or cost to you,
e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com)
or attorney Michael Palestina (michael.palestina@ksfcounsel.com) toll free at
855-768-1857 or via cell phone any time at 504-236-7315.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on transactional litigation, as well as
securities class action and shareholder derivative litigation. With offices in
New York and Louisiana, KSF's lawyers have significant experience litigating
complex securities class actions nationwide on behalf of both institutional
and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Michael Palestina, Esq., 855-768-1857
or after hours via cell phone 504-236-7315
michael.palestina@ksfcounsel.com
 
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