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Park Sterling Bank announces share repurchase authorization up to 2.2M shares

Park Sterling Corp, the holding company for Park Sterling Bank, announced that its board of directors has approved a new share repurchase program for up to 2.2M common shares, or approximately 5% of the company's 44,573,853 outstanding dilutive common shares. The share repurchase authorization, which is effective immediately and extends for twenty-four months.