Sterling Financial Settlement Services Set for April 1 Launch

March 25, 2003

LANCASTER, Pa., /PRNewswire-FirstCall/ -- Sterling Financial Settlement Services, a new full-service settlement company, has announced it will officially open for business on April 1.

A joint venture between Sterling Financial Corporation and Landmark Abstract, Inc., Sterling Financial Settlement Services will provide title and lien searches, commercial and residential title insurance, notary and recording services within the Central Pennsylvania market.

The company's launch is particularly welcome news for fellow Sterling Financial affiliates Bank of Lancaster County, and Bank of Hanover and Trust Company, since Sterling Financial Settlement Services will be primarily working with customers of both financial institutions.

"We are excited about the launching of Sterling Financial Settlement Services," said Brad Scovill, Chief Financial Officer of Sterling Financial Corporation. "We believe strongly that our mission is to continually strive to offer our customers diversified, high-quality financial services. The addition of Sterling Financial Settlement Services to our family of affiliates illustrates our commitment to that mission. We believe, in particular, customers of both Bank of Lancaster County and Bank of Hanover will recognize the new company as providing value-added services."

Mark Korman, President of Sterling Financial Settlement Services also sees the relationship with the two financial institutions as a winning partnership.

Source: Sterling Financial Corporation

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