Written agreement with Sterling Banks and Sterling Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 6, 2009. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among, Sterling Banks, Inc., a registered bank holding company, Sterling Bank, a state member bank, both of Mount Laurel, New Jersey, the Federal Reserve Bank of Philadelphia, and the New Jersey Department of Banking and Insurance.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System