HOUSTON -- Sterling Bancshares, Inc.(Nasdaq: SBIB), announced today that Sheldon I. Oster has been elected toits board of directors.

Mr. Oster is a founder and former chairman and director of Shel-RayUnderwriters, Inc., a Houston based insurance management company. He beganhis distinguished career as a Partner at Spector and Oster, CertifiedPublic Accountants, a public accounting firm located in San Antonio, Texas.Since then he has founded and successfully managed several insurancerelated businesses. He has tremendous experience in the financial industryhaving served in the roles of president, chief financial officer,treasurer, and chairman for various companies throughout his career.

"Sheldon's financial background and vast experience in risk managementmake him a great addition to our Board of Directors," said J. DowneyBridgwater, Sterling Bancshares' Chairman, President and Chief ExecutiveOfficer. "His experience in the insurance industry brings an addedperspective to our Board."

Mr. Oster received a bachelor's degree in Accounting from theUniversity of Texas at Austin, where he has the honor of being recognizedas a Distinguished Alumnus. He is a Certified Public Accountant.

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