WASHINGTON - Sunwestern Financial Corp., Dallas, plans to sell its 10% stake in Sterling Bancshares Inc., Houston.

According to a securities filing, Sunwestern will sell its 189,522 shares as part of a public offering by Sterling of 900,000 common shares at an estimated $11 to $13 a share. Sterling will sell 710,478 shares.

Proceeds of the offering, through Legg Mason Wood Walker, Baltimore, will be used to repay $2.7 million of debt and for general corporate purposes.

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