Park Sterling Corporation is the holding company for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial nonmember bank and is a wholly owned subsidiary of the Company. The Bank provides banking services to small and mid-sized businesses, owner-occupied and income-producing real estate owners, residential builders, institutions, professionals and consumers doing business or residing within its target markets. It provides a range of banking products, including personal, business and non-profit checking accounts, IOLTA accounts, individual retirement accounts, business and personal money market accounts, certificates of deposit, overdraft protection, safe deposit boxes and online and mobile banking. Its lending activities include a range of short-to medium-term commercial (including asset-based lending), real estate, construction, residential mortgage and home equity and consumer loans, as well as long-term residential mortgages.