Shares for Park Sterling Bank (OTCBB: PSTB) were steady during the day of trading on Monday and closed with no change at closing.

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Other parties joined in the suit are a customer of the bank, Mabadi Limited, a bureau de change operator, one Adetunji Adewoye and his companies, Yaro Ventures and Trust Nigeria Limited.

Daily Champion recalls that some bureau de change operators had petitioned the IGP and EFCC alleging that some officials of Sterling Bank colluded with Adewoye to defraud them of N150 million, a development that led to the arrest and detention of the bank officials.

In its statement of claims, Sterling Bank claimed that in June this year, Adetunji Adewoye walked into its Opebi Branch office where he told the manager that he was expecting some money to be transferred into his account no: 238466148110 which at the time had been dormant for over 10 months.

The bank further stated that on of June 25, 2009 the said account was credited with N105, 420, 000 which was paid into the account within the branch and other branches of the bank outside Lagos.

Sterling Bank also claimed that Adewoye who was within the premises of the bank on the said day requested for a bank draft in the sum of N4.8 million in the name of his company Yaro Ventures, and another one in the sum of N10 million made in favour of Mabadi Limited, and that he also withdrew the sum of N5 million in cash.

The Plaintiff averred further that unknown to them, the said sum of N105, 420, 00 was paid into the account by some bureau de change operators who Adewoye had allegedly persuaded to come with him to the bank under the pretext that he had Dollar equivalent of the various sums of money paid by them into his account.

The bank also stated: "the bureau de change operators were in the bank while Adewoye carried out the transaction and when he left the bank premises informing them that he wanted to get to Bank PHB and would return to conclude transaction. He has not been found ever since.

"The bureau de change operators after waiting for hours for Adewoye to return without success reported the matter to the Inspector General of Police. Consequently, the branch manager in charge of teller and head of operations of Sterling Bank were arrested and detained by the police".

According to the Plaintiff, upon realizing the fraudulent nature of the transaction, the bank placed embargo on the account.

The case has been adjourned till November 3, 2009 for further hearing and to enable the defendant's file their reply.

"We are pleased to announce this Renewal agreement with Sterling Bank," stated Jerry Parish, Chief Executive Officer of The Mint Leasing, Inc. "When combined with the funds available under our line of credit with Moody Bank, the Renewal and extension of the Sterling Bank line will provide the funds necessary to further expand our leasing portfolio in the coming months."

For additional information, please refer to the Company's Form 8-K filing with the Securities and Exchange Commission dated October 28, 2009.

About The Mint Leasing, Inc.

The Mint Leasing, Inc. represents an alternative to traditional financing companies by providing its innovative vehicle leasing solutions to the customers of premier automotive retailers. Most of its customers are located in Texas and six other states in the southeastern U.S. The Mint Leasing's customers are primarily comprised of brand-name automobile dealers that seek to provide leasing options to their customers. The Mint Leasing, Inc. is responsible for underwriting criteria and procedures, administration of the leases, and collection of payments from lessees.

The Company is headquartered in Houston, Texas, and its common stock trades on the OTC Bulletin Board under the symbol "MLES".

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward-looking statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties, and other risks disclosed in the Company's periodic filings with the U.S. Securities and Exchange Commission. The Company takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.

       Contact:  RJ Falkner & Company, Inc., Investor Relations Counsel at
               (800) 377-9893 or via email at info@rjfalkner.com
                                          or
     The Mint Leasing, Inc. Investor Relations at investorinfo@mintleasing.com

SOURCE The Mint Leasing, Inc.

"We are pleased to announce this Renewal agreement with Sterling Bank," stated Jerry Parish, Chief Executive Officer of The Mint Leasing, Inc. "When combined with the funds available under our line of credit with Moody Bank, the Renewal and extension of the Sterling Bank line will provide the funds necessary to further expand our leasing portfolio in the coming months."

For additional information, please refer to the Company's Form 8-K filing with the Securities and Exchange Commission dated October 28, 2009.

About The Mint Leasing, Inc.

The Mint Leasing, Inc. represents an alternative to traditional financing companies by providing its innovative vehicle leasing solutions to the customers of premier automotive retailers. Most of its customers are located in Texas and six other states in the southeastern U.S. The Mint Leasing's customers are primarily comprised of brand-name automobile dealers that seek to provide leasing options to their customers. The Mint Leasing, Inc. is responsible for underwriting criteria and procedures, administration of the leases, and collection of payments from lessees.

The Company is headquartered in Houston, Texas, and its common stock trades on the OTC Bulletin Board under the symbol "MLES".

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward-looking statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties, and other risks disclosed in the Company's periodic filings with the U.S. Securities and Exchange Commission. The Company takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.

Contact: RJ Falkner & Company, Inc., Investor Relations Counsel at

(800) 377-9893 or via email at info@rjfalkner.com

or

The Mint Leasing, Inc. Investor Relations at investorinfo@mintleasing.com

Jerry Parish, CEO

Mint Leasing, Inc.

323 North Loop West

Houston, TX 77008

USA

Phone: 713-665-2000

Fax: 800-591-6468

Note: The following news is from Mint Leasing, Inc., and World Stock Wire, Inc. is not liable for the contents of this news.