Sterling Financial Corporation of Spokane, Washington, to Present at America's Community Bankers Investor Conference

Sterling Financial Corporation (Nasdaq: STSA) today announced that Harold B. Gilkey, Chairman and Chief Executive Officer, and Daniel G. Byrne, Executive Vice President and Chief Financial Officer, have been invited to present at the America's Community Bankers Investor Conference in San Francisco, CA.

Sterling is scheduled to present on Wednesday, February 22, at 11:30 am PT. Investors may access a live webcast of Sterling's presentation at the following link: http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=STSA&item_id=1194057

For those unable to participate during the live broadcast, the presentation will be archived through March 15, 2006. The web cast may also be accessed through Sterling Financial Corporation's website, http://www.sterlingsavingsbank.com, under the Investor Relations link.

ABOUT STERLING

Sterling Financial Corporation of Spokane, Washington is a bank holding company, the principal operating subsidiary of which is Sterling Savings Bank. Sterling Savings Bank is a Washington State-chartered, federally insured commercial bank, which opened in April 1983 as a stock savings and loan association. Sterling Savings Bank, based in Spokane, Washington, has financial service centers throughout Washington, Oregon, Idaho and Montana. Through Sterling Saving Bank's wholly owned subsidiaries, Action Mortgage Company and INTERVEST-Mortgage Investment Company, it operates loan production offices in Washington, Oregon, Idaho, Montana, Arizona and California. Sterling Savings Bank's subsidiary Harbor Financial Services provides non-bank investments, including mutual funds, variable annuities and tax-deferred annuities and other investment products through regional representatives throughout Sterling Savings Bank's branch network.

Contact: Daniel G. Byrne

509-458-3711

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