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FINANCIAL | Retail Banking
sterlingbancorp.com

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Investments

5

Partners & Customers

1

Service Providers

1

About Sterling Bancorp

Sterling Bancorp (NYSE: STL), operating through its principal subsidiary Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families, and consumers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.

Sterling Bancorp Headquarter Location

400 Rella Boulevard

Montebello, New York, 10901,

United States

845-369-8040

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Latest Sterling Bancorp News

Sterling Bancorp Announces Strategic Investment in FinTron LLC

Oct 28, 2021

Montebello, New York, UNITED STATES PEARL RIVER, N.Y., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (“Sterling”) today announced a strategic investment in FinTron LLC (“FinTron”), a FinTech company providing a range of digitally enabled banking and investment services to the Mobile Generation (millennials and Gen Z ages 18 to 39). Through its subsidiary, Fintron Invest, an SEC registered broker-dealer, the company provides a range of investment services, including commission-free trading in more than two thousand stocks and ETFs, as well as investment automation and educational financial resources, all delivered through an “all-in-one” investing and investment education app. With a median client age of 26 and over 80% of its clients possessing limited or no investment experience, FinTron Invest is democratizing personal finance for a new generation of investors. The FinTron Invest app offers educational resources, automated investing, budgeting, and planning tools that work together to promote financial literacy. To better enable financial proficiency for younger generations and those intimidated by investment jargon, FinTron has also deployed a standalone product coined “FinTronU” – a free, simulated investing game and financial literacy program utilized by thousands of new investors. “We are excited to partner with FinTron, an innovative financial technology company that is looking to expand access to financial services and to promote financial literacy among a new generation of investors,” said Bea Ordonez, Chief Financial Officer of Sterling Bancorp. “We look forward to partnering with the Fintron team, including via our Banking as a Service business, as we continue to make investments that allow us to grow and enhance our suite of digitally enabled products.” “Sterling’s focus on digital adoption, the evolution of open banking, and its continued engagement with and investment in financial technology companies make it a particularly appealing partner,” said Wilder Rumpf, founder and CEO of FinTron. “We look forward to working with Sterling to continue to innovate in the banking and financial services ecosystem.” About Sterling Bancorp: Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families, and consumers within the communities it serves via teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Sterling Bancorp website at www.SterlingBancorp.com . About FinTron Invest, LLC: FinTron is on a mission to make investing, saving, and budgeting accessible, understandable, and doable for the Mobile Generation through our all-in-one investing, and investment education app. We promote financial freedom through better education, affordable financial products, and socially responsible give-back programs. FinTron Invest brokerage accounts are cleared and held in custody by industry- leading APEX Clearing Corp., member of FINRA and SIPC. To learn more about FinTron, please visit our website , and be sure to follow us on Instagram , TikTok , and Facebook . FinTron Invest is registered as a broker-dealer with the SEC and is a member of FINRA : it is headquartered in Westport, CT. Contact:

Sterling Bancorp Investments

5 Investments

Sterling Bancorp has made 5 investments. Their latest investment was in Finitive as part of their Corporate Minority on May 5, 2021.

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Sterling Bancorp Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/19/2021

Corporate Minority

Finitive

Yes

3

12/30/2019

Grant - II

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$99M

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10

12/30/2019

Grant

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$99M

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10

9/25/2018

Line of Credit

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$99M

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10

12/16/2014

Debt

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$99M

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10

Date

5/19/2021

12/30/2019

12/30/2019

9/25/2018

12/16/2014

Round

Corporate Minority

Grant - II

Grant

Line of Credit

Debt

Company

Finitive

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Sterling Bancorp Acquisitions

5 Acquisitions

Sterling Bancorp acquired 5 companies. Their latest acquisition was Advantage Funding on March 06, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/6/2018

Acquired

Acquired - II

1

10/2/2017

IPO

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$991

$99M

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10

3/31/2016

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$991

$99M

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10

3/2/2015

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$99M

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10

2/2/2015

Unattributed - III

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$99M

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10

Date

3/6/2018

10/2/2017

3/31/2016

3/2/2015

2/2/2015

Investment Stage

Acquired

IPO

Unattributed - III

Companies

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Valuation

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired - II

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Sources

1

10

10

10

10

Sterling Bancorp Partners & Customers

1 Partners and customers

Sterling Bancorp has 1 strategic partners and customers. Sterling Bancorp recently partnered with Deloitte on October 10, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

10/23/2019

Vendor

Deloitte

United States

Company Release - 10/23/2019 4:15 PM ET.

MONTEBELLO , N.Y. , Oct. 23 , 2019 -- Sterling National Bank today announced a significant step forward in its ongoing strategy of driving positive operating leverage through entry into a new strategic relationship with Deloitte to implement the Advanced Digital Technology Program .

1

Date

10/23/2019

Type

Vendor

Business Partner

Deloitte

Country

United States

News Snippet

Company Release - 10/23/2019 4:15 PM ET.

MONTEBELLO , N.Y. , Oct. 23 , 2019 -- Sterling National Bank today announced a significant step forward in its ongoing strategy of driving positive operating leverage through entry into a new strategic relationship with Deloitte to implement the Advanced Digital Technology Program .

Sources

1

Sterling Bancorp Service Providers

1 Service Provider

Sterling Bancorp has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired - II

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired - II

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

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