Sterling Bancorp

Sterling Bancorp
Public
Traded as NYSE: STL[1]
Industry Financial services
Founded 1966[2]
Headquarters Montebello, NY
Key people
 Louis Cappelli
(Chairman)
Jack Kopnisky
(President & CEO)
Increase US$ 104.895 million (2012)[3]
Increase US$ 20.016 million (2012)[3]
Total assets Increase US$ 2.750 billion (2012)[3]
Total equity Increase US$ 227.619 million (2012)[3]
Website www.snb.com

Sterling Bancorp was a bank holding company headquartered in New York.[4][5] The company provides a range of financial and banking services through the operation of its subsidiaries including Sterling National Bank, Sterling Banking Corporation and Sterling Bancorp Trust I, Sterling National Mortgage Company, Inc, Sterling Factors Corporation, Sterling Resource Funding Corp. and Sterling Real Estate Holding Company, Inc.[6] Sterling Bancorp is listed on the New York Stock Exchange as the symbol of STL.[1] As of December 31, 2012, the Company had $2.750 billion in total assets.[3]

History

In 1929, Sterling National Bank was organized and commenced business in New York City.[7]

In 1966 Sterling Bancorp was incorporated under the Bank Holding Company Act of 1956, as amended (the “BHCA”).[8]

During late 2011 and early 2012, SNMC, Sterling National Mortgage Company, Inc. (“SNMC”), Sterling Factors Corporation (“Factors”), Sterling Resource Funding Corp. (“Resource Funding”) merged into the bank to provide a unified service to customers and streamline organizational structure.[9]

On October 31, 2013, Sterling National Bank merged with Provident Bank.[10] The merged holding company is known as Sterling Bancorp, and it will trade on the New York Stock Exchange under "STL".[11]

References

  1. 1 2 Trade Symbol
  2. ↑ "Foundation time".
  3. 1 2 3 4 5 "Selected Financial Data".
  4. ↑ http://www.google.com/finance?q=NYSE:STL
  5. ↑ Company Descriptation
  6. ↑ Subsidiaries
  7. ↑ Foundation of the bank
  8. ↑ Foundation of the company
  9. ↑ http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9109021-1051-653072&type=sect&dcn=0001437749-13-001865
  10. ↑ http://www.snb.com/
  11. ↑ "Provident New York Bancorp Completes Merger With Sterling Bancorp". November 1, 3. Retrieved January 13, 2014. Check date values in: |date= (help)

External links

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