Sterling Bancorp-DE (STL)
NYSE NYSE Primary Summary
STL Chart
Sterling Bancorp-DE Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 775,000 | $19.99M | $20.37M | $387,500 | 1.94% |
| AS Anton Schutz MENDON CAPITAL ADVISORS Corp. | 260,000 | $3.05M | $6.84M | $3.78M | 123.78% |
| JM John Malone Amundi | 436,953 | $10.83M | $11.49M | $655,429.5 | 6.05% |
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Sterling Bancorp-DE Profile
| Banks Industry | Financials Sector | Jack Kopnisky CEO | NYSE Exchange | 85917A100 CUSIP |
| US Country | 1,439 Employees | 21 Jan 2022 Last Dividend | 15 Jan 2004 Last Split | - IPO Date |
Overview
Sterling Bancorp operates as the bank holding company for Sterling National Bank, providing a wide array of banking products and services tailored to commercial, consumer, and municipal clients across the United States. Established in 1888 and headquartered in Pearl River, New York, the company has built a strong presence in the New York Metro Market and the surrounding suburban markets. As of December 31, 2020, Sterling Bancorp operated 76 full-service financial centers, reinforcing its commitment to customer service and community engagement. The bank aims to deliver exceptional value and support through innovative banking solutions, ensuring it meets the diverse needs of its clientele.
Products and Services
- Deposit Products
Sterling Bancorp offers a variety of deposit products designed to meet the banking needs of its customers. These include:
- Checking Accounts
- Saving Accounts
- Money Market Accounts
- Time Deposits
- Demand Deposits
- Certificates of Deposit
- Loan Products
The bank provides a comprehensive range of loan products to support both individual and business financial needs, including:
- Commercial and Industrial Loans - These loans cater to businesses looking for funding for various operational costs and capital expenditures.
- Asset-Based Loans - Financing options backed by business assets, providing lower interest rates compared to unsecured loans.
- Payroll Finance - Helping businesses manage payroll expenses through short-term financing solutions.
- Warehouse Loans - Specialized loans to fund the inventory of mortgage loans until they are sold to investors.
- Factored Receivables - Financing based on the company’s accounts receivable, improving cash flow management.
- Equipment Finance - Loans for purchasing or leasing equipment necessary for business operations.
- Public Sector Finance - Tailored financing solutions for government entities and organizations.
- Commercial Real Estate Loans - Funding for the purchase, refinance, or construction of commercial properties, including multi-family housing.
- Residential and Commercial Mortgage Loans - Competitive mortgage options for homebuyers and commercial property investors.
- Consumer Loans - Personal loans offering flexible funding solutions for consumers, including homeowner loans and home equity lines of credit.
- Automobile Loans - Financing options for new and used vehicles.
- Personal Unsecured Loans - Unsecured lending solutions to meet personal financial needs.
- Acquisition, Development, and Construction Loans - Funding for real estate development projects and construction activities.
- Wealth Management and Investment Services
Sterling Bancorp also provides services as a third-party provider to sell mutual funds and annuities, along with other investment products:
- Mutual Funds - Offering a variety of mutual fund investment options for both growth and income.
- Annuities - Insurance products designed to provide long-term income, often used as retirement planning tools.
- Wealth Management Products - Comprehensive financial planning services tailored to individual needs to help clients grow and protect their wealth.
