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Bank
FINANCE | Retail Banking
sterlingbancorp.com

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Investments

6

Partners & Customers

1

Service Providers

1

About Sterling Bancorp

Sterling Bancorp, 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. On February 1st, 2022, Sterling Bancorp was acquired by Webster Financial. The terms of the transaction were not disclosed.

Headquarters Location

400 Rella Boulevard

Montebello, New York, 10901,

United States

845-369-8040

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Latest Sterling Bancorp News

Sterling Bank & Trust earns honors for promoting affordable homeownership

Nov 18, 2022

11/18/2022 | 04:15pm EST Message : Bank wins Wolters Kluwer Community Impact Award Sterling Bank & Trust (Sterling) is helping make the dream of homeownership a reality for more low- and moderate-income families. For its efforts, the bank recently won the Wolters Kluwer Compliance Solutions 2022 Community Impact Award. Presented at Wolters Kluwer’s 26th annual CRA & Fair Lending Colloquium on Nov. 15, the national award recognizes financial institutions for the breadth and innovative application of community development programs that benefit low- and moderate-income communities. Sterling’s Tenancy-in-Common (TIC) program based out of its California branches garnered the honor for promoting affordable homeownership. “We are humbled and honored to receive this prestigious award,” said Adey Tesfaye, Sterling senior vice president and CRA officer. “Helping someone achieve the dream of homeownership is one of the greatest services a bank can provide. Homeownership enriches not only the individual buyer but the community as a whole. When we work together, we all rise together.” Sterling was one of the first banks to develop a TIC fractional loan product – a form of co-ownership among two or more homeowners – in the San Francisco Bay Area and the first in Los Angeles. About Sterling Bancorp, Inc. Sterling Bancorp, Inc. is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California and New York City. Sterling offers a range of loan products to the residential and commercial markets, as well as retail and business banking services. Sterling also has an operations center and a branch in Southfield, Michigan. For additional information, please visit the Company’s website at http://www.sterlingbank.com . About Wolters Kluwer Wolters Kluwer (AEX: WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. View source version on businesswire.com: https://www.businesswire.com/news/home/20221118005589/en/ © Business Wire 2022

Sterling Bancorp Investments

6 Investments

Sterling Bancorp has made 6 investments. Their latest investment was in LoanStreet as part of their Series B on February 2, 2022.

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Sterling Bancorp Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/8/2022

Series B

LoanStreet

$25M

Yes

4

5/19/2021

Corporate Minority

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10

12/30/2019

Grant

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$99M

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10

12/30/2019

Grant - II

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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

Date

2/8/2022

5/19/2021

12/30/2019

12/30/2019

9/25/2018

Round

Series B

Corporate Minority

Grant

Grant - II

Line of Credit

Company

LoanStreet

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Amount

$25M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

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

$99M

Acquired - II

1

10/2/2017

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$99M

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10

3/31/2016

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$99M

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10

3/2/2015

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$99M

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10

2/2/2015

Other

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$99M

$99M

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10

Date

3/6/2018

10/2/2017

3/31/2016

3/2/2015

2/2/2015

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$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

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

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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