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STL

 
Hoover's Profile: Sterling Bancorp
(NYSE:STL)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Sterling Bancorp
650 5th Ave.
New York, NY 10019-6108
NY Tel. 212-757-3300
Fax 212-490-8852

Type: Public
On the web: http://www.sterlingbancorp.com
Employees: 562
Employee growth: (4.1%)

Sterling wants your silver. Sterling Bancorp is the holding company for Sterling National Bank, which operates about a dozen branch locations in and around New York City. The bank offers such standard retail products as checking and savings accounts and certificates of deposit. Commercial and industrial loans account for about half of the company's loan portfolio; other offerings include residential mortgages and lease financing. The company also provides a variety of non-traditional banking offerings; its subsidiaries offer factoring (accounts receivable management), outsourced business support services, trust administration, and other services. Sterling National Bank was founded in 1929.

Key numbers for fiscal year ending December, 2008:
Sales: $118.0M
One year growth: 7.6%
Net income: $16.0M
Income growth: 9.6%

Officers:
Chairman and CEO; Chairman, Sterling National Bank: Louis J. Cappelli
President and Director; President and CEO, Sterling National Bank: John C. Millman
EVP and CFO; EVP, Sterling National Bank: John W. Tietjen

Competitors:
Citigroup
JPMorgan Chase
New York Community Bancorp

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