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Park Sterling Corporation Expands Wealth Team and Adds Chief Marketing Officer(GlobeNewswire Via Acquire Media NewsEdge) 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 [email protected] Source: Park Sterling Bank 2014 GlobeNewswire, Inc. |