The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor LLP are investigating potential legal claims against the Board of Directors of Sterling Bancshares Inc. (?Sterling Bancshares? or ?SBIB?) (NASDAQ: SBIB) related to the proposed acquisition of Sterling Bancshares by Comerica Inc. (NYSE: CMA). The investigation relates to the fairness of the proposed transaction to Sterling Bancshares shareholders, possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Sterling Bancshares for approving this transaction, and whether Sterling Bancshares' Board of Directors acted in the shareholders' best interests.

The definitive buyout agreement, which was announced on January 18, 2011, involves a transaction valued at approximately $1 billion. Under the proposed transaction, Sterling Bancshares shareholders will receive a fixed ratio of 0.2365 shares of Comerica common stock for each share of Sterling Bancshares/SBIB common stock they hold. The acquisition price reportedly represents a value of $10.00 per share to Sterling Bancshares shareholders, based on Comerica's 15-day average closing price through January 11, 2011. However, Sterling Bancshares shares closed at $7.70 on the final trading day prior to the acquisition announcement. ?Based on the lack of an appreciable premium to shareholders, and other factors, we have concerns whether the proposed acquisition is fair to Sterling Bancshares shareholders, and we want to ensure that the shareholders are receiving the maximum value for their stock,? said shareholder rights attorney Willie Briscoe.

If you currently own shares of Sterling Bancshares/SBIB and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-397-5991
WBriscoe@TheBriscoeLawFirm.com