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CORPORATE OVERVIEW

CORPORATE OVERVIEW. Financial Highlights ¹. Strategy. Vision. Advancing our Strategy. Distinguishing Products. Our vision is to capitalize on a unique opportunity to create a highly respected regional-sized community banking franchise focused in the Carolinas and Virginia:

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CORPORATE OVERVIEW

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  1. CORPORATE OVERVIEW Financial Highlights¹ Strategy Vision Advancing our Strategy Distinguishing Products Our vision is to capitalize on a unique opportunity to create a highly respected regional-sized community banking franchise focused in the Carolinas and Virginia: • Operate a model of soundness, profitability and growth • Diversified by geography, business mix and product offering • Recognized for exceptional risk management, market management, relationship management and customer service • Noted as the financial institution of choice for prospects, customers, employees, shareholders and communities • Big enough to help, and small enough to care To achieve our vision we intend to: • Focus on markets well known to leadership • Utilize M&A capabilities to acquire core deposits and product capabilities that can be leveraged in other markets • Accelerate growth by entering attractive de novo markets through recruitment of experienced in-market talent • Seize the opportunity for a traditional bank consolidator in the Carolinas and Virginia • Embrace the highest standards of corporate governance • Completed merger with Community Capital Corporation on November 1, 2011 • Expanded product offerings to include retail, wealth, treasury services and mortgage • Completed merger with Citizens South Banking Corporation on October 1, 2012 • Created the largest community bank in the Charlotte-Gastonia-Rock Hill MSA • Expanded banking office network to 44 locations in the Carolinas and North Georgia • Continued focus on organic growth • Enhancing existing markets by expanding/deepening banker talent • Expanding into new markets through M&A and de novo offices • Adding product capabilities to better serve existing customers and markets • Maintaining exceptional capital base, with tangible common equity as a percentage of tangible assets at 11.5% as of June 30, 2013 • Initiated $0.02 quarterly cash dividend on common shares in July 2013 Our goal is to provide the strength and product diversity of a large bank, and the service and attention to detail that characterizes a small community bank. Current products offerings include: • Consumer Banking • Commercial Banking • Commercial Real Estate Lending • Asset-Based Lending • Builder Finance • Treasury Services • Trust & Wealth Management • Residential Mortgage Origination NASDAQ: PSTB ¹ Unaudited. $ in thousands except per share amounts. ² Non-GAAP Financial Measure. Excludes merger-related expenses and securities gains.

  2. Page 2 Independent Directors Leslie M. (Bud) Baker, Jr. Chairman Retired Chairman of Wachovia Corporation. Also served Wachovia as Chairman, President, Chief Executive Officer, and Chief Credit Officer, as well as President of the North Carolina Bank. Walter C. Ayers Director Retired President and Chief Executive Officer of the Virginia Bankers Association. Served as member of ABA’s Communication Counsel, Government Relations Counsel and others. Larry W. Carroll Director President and Chief Executive Officer of Carroll Financial Associates, Inc., a registered investment advisory firm. CPA background. Park Sterling organizer in October 2006. Jean E. Davis Director Retired Senior Executive Vice President for Operations, Technology and e-Commerce at Wachovia Corporation. Also formerly head of Human Resources and head of Retail Banking. Thomas B. Henson Director President of Henson-Tomlin Interests, LLC and Senior Managing Director of Southeastern Private Investment Fund. Helped organize Park Sterling in October 2006. M&A attorney by background Jeffrey S. Kane Director Ben R. Rudisill, II Director Retired Senior Vice President in charge of Charlotte office of Federal Reserve Bank of Richmond. Also served as head of Banking Supervision and Regulation. Executive Director of Upper Savannah Council of Governments. Founding member and former Chair of Community Capital Corporation. James C. (Jim) Cherry Chief Executive Officer/Director 32 years of banking experience including Chief Executive Officer of Mid-Atlantic Banking, President of Virginia Banking, Head of Trust and Investment Management for Wachovia Bank. Bryan F. Kennedy, III President 30 years of banking experience including President North Carolina, Regions Bank and Executive Vice President, Park Meridian Bank. Helped organize Park Sterling in October 2006. David L. Gaines Chief Financial Officer 24 years of banking experience including Chief Risk Officer for Corporate and Investment Banking, Senior VP and Comptroller, and Co-Manager of integration office for Wachovia Bank. Nancy J. Foster Chief Risk Officer 28 years of banking experience including Chief Risk Officer for CIT Group and Chief Credit Officer of Community Banking Group at LaSalle Bank. Kim S. Price Vice Chairman Former President and Chief Executive Officer of Citizens South Banking Corporation and Citizens South Bank. Executive Officers Patricia C. Hartung Director President of Rudisill Enterprises, Inc., since 1976. Former Chairman of Citizens South Banking Corporation and Citizens South Bank.

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