Park Sterling Corporation Announces Quarterly Cash Dividend on Common Shares

Park Sterling Corporation Announces Quarterly Cash Dividend on Common Shares

CHARLOTTE, N.C., Jan. 29, 2014 (GLOBE NEWSWIRE) -- Park Sterling Corporation
(Nasdaq:PSTB), the holding company for Park Sterling Bank, today announced
that its Board of Directors has declared a regular quarterly cash dividend to
its common shareholders of $0.02 per common share, payable on February 24,
2014 to all shareholders of record as of the close of business on February 10,
2014. Future dividends will be subject to Board approval.

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 billion in
assets, is the largest community bank headquartered in the Charlotte area and
has 43 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
brokerage, cash management, consumer and business finance, and wealth
management services. Park Sterling prides itself on being large enough to help
customers achieve their financial aspirations, yet small enough to care that
they do. Park Sterling is focused on building a banking franchise that is
noted for sound risk management, strong community focus and exceptional
customer service. For more information, visit www.parksterlingbank.com. Park
Sterling Corporation shares are traded on NASDAQ under the symbol PSTB.

Forward-Looking Statements

This press release contains statements about future dividends that are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on current
expectations and are subject to a number of factors that could cause actual
events to differ materially from those anticipated, including without
limitation future results of operations and financial condition, approval of
the declaration of any quarterly dividend by Park Sterling's Board of
Directors and the precautionary statements included in Park Sterling's filings
with the SEC, including without limitation the "Risk Factors" section of its
Form 10-K. Park Sterling undertakes no obligation to update publicly any
forward-looking statements.

CONTACT: For additional information contact:
        
         David Gaines
         Chief Financial Officer
         (704) 716-2134
         david.gaines@parksterlingbank.com
 
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