Park Sterling Corporation Expands Wealth Team and Adds Chief Marketing Officer

Park Sterling Corporation Expands Wealth Team and Adds Chief Marketing Officer

CHARLOTTE, N.C., Feb. 21, 2014 (GLOBE NEWSWIRE) -- Park Sterling Corporation
(Nasdaq:PSTB), the holding company for Park Sterling Bank, today announced the
hiring of three additional bankers for the bank's Wealth Management team, now
headquartered in Richmond, Virginia and directed by Michael Williams, Head of
Wealth Management. In addition, the company has hired a new Chief Marketing
Officer, also based in Richmond.

George Meyls joins Park Sterling as Senior Vice President and Head of Private
Banking. Meyls, who was most recently Private Banking Director at StellarOne
Bank, has over 20 years of Wealth Management and private banking experience
including positions at Paine Webber, Smith Barney, and Wells Fargo Bank. Meyls
holds a B.A. in Economics from Roanoke College and is a Certified Financial
Planner. In this newly created role, Meyls will have company-wide leadership
responsibility for private banking across the company, in addition to building
this line of business in Virginia.

Russell Carter, most recently a Trust Advisor at Union First Market Bank in
Richmond, joins Park Sterling as a Trust Advisor. Based in Richmond, Carter
brings with him nearly 20 years of experience in the Trust area including
roles at J.P. Morgan Chase, SunTrust Bank, and StellarOne. He holds a B.A.
from Howard University and a J.D. from Touro Law School in New York.

Alan Smith joins Park Sterling as a Trust Advisor based in Charlotte. Smith
has seven years of banking experience, most recently with PNC Bank, where he
was a relationship manager in Wealth Management and with Bank of America as a
client manager. He received his B.A. from the University of North Carolina –
Charlotte and his MBA from Indiana University.

Angela Ross joins Park Sterling as Chief Marketing Officer. A 30-year
marketing veteran, Ross was most recently Chief Branding Officer at
StellarOne, and held senior roles at La-Z-Boy, Inc. and Circuit City. She
earned her B.A. at the University of Virginia and an MBA at University of
Virginia's Darden School of Business.

"We are delighted to continue to enhance our Wealth Management team under the
astute direction of Michael Williams and to strengthen these capabilities in
the critical Charlotte and Richmond metro markets," stated James C. Cherry,
Chief Executive Officer. "We are especially pleased to increase our management
presence in Richmond with the addition of Angela Ross as Chief Marketing
Officer and George Meyls as Head of Private Banking. Their impressive
experience and skill sets are a perfect fit for our rapidly expanding company.
Our commitment to building a significant presence in Virginia is further
demonstrated by the fact that company-wide leadership of Wealth Management,
Private Banking, Mortgage Banking, and Marketing is all now based in Richmond,
creating a solid foothold for growth in Virginia and throughout our
footprint."

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:
         Jim Cherry
         Chief Executive Officer
         (804) 614-7437
         jim.cherry@parksterlingbank.com
 
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