Sterling Bancorp, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Thomas M. O'Brien
- Full Time Employees
- 216
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- One Towne Square Southfield MI United States of America 48076
- IPO Date
- Nov 16, 2017
- CIK
- 0001680379
- Website
- sterlingbank.com
- Similar Companies
- Business
- Sterling Bancorp, Inc. operates as a financial holding company primarily through its former subsidiary, Sterling Bank and Trust, F.S.B. The company provides a range of commercial, business, and consumer banking products and services including various loan products, deposit accounts, and retail and business banking services. Sterling Bancorp serves customers mainly in the San Francisco Bay Area, metropolitan Los Angeles/Orange County, the Flushing neighborhood of New York City, and maintains an operations center in Southfield, Michigan. The company was founded in 1920 and is headquartered in Southfield, Michigan. The company underwent a significant change in 2025 when Sterling Bancorp completed the sale of all issued and outstanding stock of Sterling Bank and Trust, its wholly owned banking subsidiary, to EverBank Financial Corp. This transaction, valued at $261 million in cash, resulted in the integration of Sterling Bank into EverBank, with the latter as the surviving entity. Following this acquisition, the bank's separate corporate identity was dissolved, most branches were converted to EverBank branches, and the Michigan branch closed. Sterling Bancorp filed for dissolution in Michigan in 2025 and ceased stock transfer operations, effectively winding down the company. Prior to its sale, Sterling Bancorp focused on community development loans supporting housing for low- to moderate-income individuals and investments in minority depository institutions. Its services included commercial and consumer lending, deposits, and financial services targeting businesses and retail customers across its operating regions. Post-transaction, the company is transitioning out of banking operations, marking a major strategic shift from banking activities to dissolution, with its former banking operations now under EverBank's control. This marks the end of Sterling Bancorp's nearly five-year trajectory addressing banking challenges and steering the company toward an orderly exit from the banking sector. Sterling Bancorp's recent strategic shift is underscored by its exit from banking operations through the 2025 divestiture to EverBank, a move that concludes its presence in the financial services industry and reflects a wind-down of its corporate existence after a long history in banking. This transaction substantially impacted Sterling Bancorp’s operational focus and corporate structure, confirming a major transformation in its business model and industry role. Overall, Sterling Bancorp historically operated within the banking and financial services sector, providing lending and deposit services primarily in select U.S. regions, but recent corporate developments have led to its exit from these operations through a strategic sale and dissolution process completed by 2025.
InventHelp Inventor Develops New Dock Line System (SBT-2063)
Sterling Bancorp Announces Declaration of Initial Liquidating Distribution; Stock Transfer Books Closed; Mr. Thomas M. O'Brien Steps Down as Chairman, President and Chief Executive Officer
Sterling Bancorp Announces Closing of Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp; Certificate of Dissolution to be Filed and Common Stock to be Delisted
Federal Reserve Board Approves the Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp
The Office of the Comptroller of the Currency Approves the Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp
Sterling Bancorp Announces Shareholder Approval of Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp and Approval of Plan of Dissolution
STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBT
Sterling Bancorp Reports Third Quarter 2024 Financial Results
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.– SBT
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Sterling Bancorp, Inc.- SBT
STERLING BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sterling Bancorp, Inc. - SBT
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sterling Bancorp, Inc. Buyout
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Sterling Bancorp, Inc.
Shareholder Alert: Ademi LLP investigates whether Sterling Bancorp, Inc. has obtained a Fair Price for its Public Shareholders
Sterling Bancorp, Inc. to Announce Second Quarter 2024 Financial Results on Wednesday, July 24, 2024
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Sterling Bancorp Reports First Quarter 2024 Financial Results
Sterling Bancorp, Inc. to Announce First Quarter 2024 Financial Results on Wednesday, April 24, 2024
Sterling Bancorp, Inc. (Southfield, MI) (SBT) Q4 2023 Earnings Call Transcript
Sterling Bancorp Reports Fourth Quarter and Full Year 2023 Financial Results