$STL (Sterling Bancorp.)

$STL {{ '2016-07-19T18:00:15+0000' | timeago}} • Announcement

$STL, through its principal subsidiary, Sterling National Bank, said it has closed the acquisition of NewStar Business Credit (NSBC). NSBC is a unit of $NEWS. The acquisition is priced at 127% of tangible book value. The purchase price is $112MM with 100% of the consideration paid in cash.

$STL {{ '2017-07-10T13:43:35+0000' | timeago}} • Announcement

$STL appointed Christina Favilla as COO, reporting to Jack Kopnisky, President and CEO. Favilla will be responsible for evolving its operating infrastructure as $STL grows to greater NY Metro regional bank following completion of its pending merger with Astoria Financial. Favilla comes to $STL from GE Capital Americas, where she served as COO.

$STL {{ '2017-06-29T13:49:16+0000' | timeago}} • Announcement

Financial services provider $STL appointed Donna Lillie as VP and Managing Director of its Municipal Banking division. Lillie will report to Harold Peterson, SVP and Senior Managing Director of Municipal Banking. Most recently, Lillie served as VP of People’s United Bank.

$STL {{ '2017-06-14T06:31:07+0000' | timeago}} • Announcement

Shareholders of $STL and $AF approved the proposed merger of the two companies. In March 2017, Astoria Financial and Sterling Bancorp, announced that Astoria Bank will merge into Sterling National Bank. Sterling expects to complete the merger in the fourth calendar quarter of 2017, subject to the customary closing conditions.

$STL {{ '2017-05-05T14:36:04+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, appointed Ed Blaskey as EVP and Market President for Long Island. Blaskey was most recently Market President for the Suburban New York and Long Island Markets at TD National Bank.

$STL {{ '2017-05-01T14:38:19+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, appointed Judy Diamant as VP and Managing Director of its Municipal & Non-Profit Banking Team. Diamant will be based at Sterling's Yonkers office and will report to Harold Peterson, SVP, Senior Managing Director, Municipal Banking.

$STL {{ '2017-04-25T21:11:57+0000' | timeago}} • Announcement

$STL's BoD declared a quarterly cash dividend of $0.07 per share. The dividend is payable on May 22, 2017 to shareholders of record as of May 8, 2017.

$STL {{ '2017-04-21T15:11:30+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, appointed Thomas Holt as SVP and Managing Director of its Commercial Banking team. Holt will be based at Sterling's Paramus office and will report to Robert Koar, Senior Managing Director of Commercial Banking.

$STL {{ '2017-04-17T17:34:26+0000' | timeago}} • Announcement

$STL's subsidiary, Sterling National Bank, appointed Maya Vovchuk as the bank's SVP and Head of Cash Management. Vovchuk will report to Vinny DeLucia, EVP and President of New York Regional and New Jersey Markets.

$STL {{ '2017-04-17T14:47:49+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, said Daniel Topple and Oleg Karaman have joined its Commercial Banking Team as Senior Managing Directors and Team Leaders. They will be based at Sterling's Manhattan office and will report to David Bagatelle, President, New York Metro Markets.

$STL {{ '2017-04-12T13:26:57+0000' | timeago}} • Announcement

Robert Mocerino has joined $STL as MD in the Specialty Finance Division. He will be reporting directly to Adam Dejak, SVP of Sales. He was most recently SVP of Government Contractor Funding & Operations at Prosperity Funding.

$STL {{ '2017-04-03T13:17:58+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, said it appointed Juan Ruiz to its Factoring & Trade Finance department as VP and Managing Director. Ruiz will focus on developing new client relationships and helping build on the unit's growth and profitability across its national footprint.

$STL {{ '2017-03-20T13:48:37+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, appointed Thomas Pergola as SVP and Managing Director of its Commercial Banking team. He will report to Ray Guanlao, Senior Manager Director and Team Leader at Sterling.

$STL {{ '2017-03-07T19:14:34+0000' | timeago}} • Announcement

Following the $STL-$AF merger, Jack Kopnisky will serve as the combined company’s CEO and Luis Massiani will serve as CFO. Effective at the closing of the transaction, four members of the BoD of $AF will join the BoD of the combined company. The deal is expected to close in 4Q17.

$STL {{ '2017-03-07T19:05:28+0000' | timeago}} • Announcement

On $STL-$AF merger, the companies said the transaction is expected to add around 9% to $STL's EPS in 2018 and around 16% to EPS in 2019. The integration of the two companies is expected to generate approx $100MM in fully phased-in annual net cost savings. The pro forma bank is expected to maintain a quarterly dividend of $0.07 per share.

$STL {{ '2017-03-07T19:01:14+0000' | timeago}} • Announcement

The merger between $STL and $AF calls for fixed exchange of 0.875 shares of $STL common stock for each share of $AF stock. The resulting purchase price of $21.92 per $AF share represents an 18.6% premium to $AF's share price. Upon closing, $STL’s stockholders will own 60% of the combined company and $AF stockholders will own approx 40%.

$STL {{ '2017-03-07T18:53:43+0000' | timeago}} • Announcement

$STL and $AF have entered into a merger agreement in a stock-for-stock transaction valued at approx $2.2Bil. The resulting institution, to be known as Sterling Bancorp, will be the sixth largest regional bank in NYC area in terms of deposits. The combined company will have about $29Bil in assets, $20Bil in loans and $19Bil in deposits.

$STL {{ '2017-03-06T16:46:20+0000' | timeago}} • Announcement

Sterling National Bank, a unit of $STL, appointed Mark Cargo as VP and MD. Mr. Cargo, who will report to senior MD Michael Horkey, was most recently a regional manager with Oracle Financing.

$STL {{ '2017-02-01T19:04:24+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, appointed Jan Hanssen, who joined the Asset-Based Finance department as Managing Director, Originations. In this new role, Hanssen will report to Michael Haddad, Division President of Asset-Based Lending at Sterling.

$STL {{ '2017-01-12T14:32:33+0000' | timeago}} • Announcement

$STL announced that Troy Grasinger has joined the bank's Public Finance team as Managing Director and Vice President, covering the eastern portion of the US. Mr. Grasinger will be based in Columbus, Ohio and will report to Michael Horkey, Senior Managing Director at $STL.

$STL {{ '2017-01-10T14:58:56+0000' | timeago}} • Announcement

Sterling National Bank, the principal subsidiary of $STL, appointed Steven Goldberg as Managing Director and VO, covering the western portion of the US in the bank's Public Finance team. Steven will be based in Phoenix, AZ. He will report to Michael Horkey, Senior Managing Director at Sterling.

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