Sterling Financial Corp. has announced that it will redeem on Sept. 5 all of the one million outstanding shares of its $1.8125 Series A Cumulative Convertible Preferred Stock.

The company will pay $25.75 per share, plus 32 cents in unpaid dividends through Sept. 4. Shareholders may also convert each share of preferred into 1.9516 shares of common stock, which means the common is worth $13.37 per share.

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