SOURCE: Park Sterling Bank

Park Sterling Bank

March 22, 2011 09:12 ET

Park Sterling Corporation Continues to Execute Its Growth Strategy Into Target Markets

CHARLOTTE, NC--(Marketwire - March 22, 2011) - Park Sterling Corporation (NASDAQ: PSTB), the holding company for Park Sterling Bank, announced today that it has engaged Robert (Bob) Jobe and John Lowe, two North Carolina veteran bankers, to lead the expansion into the Research Triangle market of North Carolina, one of Park Sterling's key target markets.

"We are excited to add these two experienced bankers to our team in one of the most dynamic metropolitan areas in our region. As we continue to execute on our strategy of recruiting top talent to drive our organic growth, Bob and John will leverage their extensive contacts and networks in Raleigh to establish a solid client base as well to recruit additional talent to build out the team. We plan to apply to open a branch office in Raleigh in the near future and are optimistic about our business prospects. Bob Jobe will lead this growth initiative as he and John work to continue our de novo market expansion," said James C. Cherry, Park Sterling's Chief Executive Officer.

Bob Jobe and John Lowe each have over 25 years' experience in the Research Triangle market and were most recently with the Raleigh office of Regions Bank.

Mr. Jobe began his career at Northwestern Bank and also spent time at BB&T and South Trust. Since 2005 he has been the Senior Vice President of Commercial Real Estate at Regions Bank and has successfully managed a portfolio of multi-family, office, and retail with long term customers. He holds a B.S. in Business Administration from UNC Chapel Hill.

Mr. Lowe began his career at Wachovia Bank and was also with First Citizens Bank, Magnet Bank, and Fidelity Bank. Mr. Lowe has been a Vice President with Regions Bank since 2009 and has achieved consistent revenue growth in commercial lending and private banking based on long term customer relationships. He holds a B.S. in Business Administration from UNC Chapel Hill.

About Park Sterling Corporation

Park Sterling Corporation is the holding company for Park Sterling Bank, headquartered in Charlotte, North Carolina. The Bank's primary focus is to provide banking services to small and mid-sized businesses, owner occupied and income producing real estate owners, professionals, and other customers doing business or residing within its target areas. Park Sterling Bank is committed to building a banking franchise across the Carolinas and Virginia that is noted for sound risk management, superior client service and exceptional client relationships. For further information, visit www.parksterlingbank.com. Park Sterling's shares are traded on NASDAQ under the symbol PSTB.

Contact Information

  • Contact:
    James C. Cherry
    CEO
    Park Sterling Bank
    704 323 4300
    Email Contact

    Charlotte Laurent-Ottomane
    Nvestcom
    561 395 4581
    Email Contact