TAC Capital Sends Letter to Sterling Bancshares Shareholders

News Blaze - Mr. Hance is the Chancellor of the Texas Tech University System. Prior to this appointment, Mr. Hance was senior partner in Hance Scarborough, LLP, an Austin law firm. Mr. Hance formerly represented Texas as a member of the U.S. House of Representatives, previously served as a Texas State Senator (serving on the Finance and State Affairs committees), and also served as Chairman of the Railroad Commission of Texas.

TAC Capital LLC, the largest shareholder of Sterling Bancshares, Inc. (Nasdaq: SBIB) ("Sterling" ), with an ownership position of nearly 10%, today announced in a letter mailed to Sterling's shareholders that it is nominating five highly-qualified individuals for election to Sterling's Board of Directors at the upcoming 2011 Annual Meeting.

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Mr. Hance is the Chancellor of the Texas Tech University System. Prior to this appointment, Mr. Hance was senior partner in Hance Scarborough, LLP, an Austin law firm. Mr. Hance formerly represented Texas as a member of the U.S. House of Representatives, previously served as a Texas State Senator (serving on the Finance and State Affairs committees), and also served as Chairman of the Railroad Commission of Texas.

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