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May 31, 2023
Sterling Bancorp, Inc. , the holding company of Sterling Bank and Trust, F.S.B., today announced the completion of the previously disclosed plan to sell nonperforming and chronically delinquent... | May 31, 2023
May 1, 2023
Sterling Bancorp, Inc. , the holding company of Sterling Bank and Trust, F.S.B. , today reported its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023... | May 1, 2023
March 24, 2023
On March 15, 2023, the Department of Justice (“DOJ”) announced that Michigan-based bank Sterling Bancorp, Inc. (“Sterling”) agreed to plead guilty to securities fraud for allegedly...
March 17, 2023
The company will plead guilty to a residential mortgage fraud case in which victim-shareholders lost an estimated $69 million, the DOJ said.
March 17, 2023
Financial services firm Sterling Bancorp agreed Wednesday to plead guilty to security fraud, including a $27.2 million fine, which will go towards paying restitution.
March 16, 2023
Financial services firm Sterling Bancorp agreed Wednesday to plead guilty to security fraud, including a $27.2 million fine, which will go towards paying restitution.
March 16, 2023
Amid significant tumult in the global banking sector, one Southeast Michigan lender is looking to make amends and move forward. On Wednesday, Southfield-based Sterling Bancorp Inc. (NASDAQ: SBT) announced it agreed to plead guilty to one count of securities fraud tied to a mortgage loan program…
March 16, 2023
The company agreed to pay $27.2 million in restitution to shareholders and revised its 2022 earnings to show a steep loss. The plea agreement with the Department of Justice was tied to Sterling's now defunct low-documentation mortgage program.
March 15, 2023
Financial services firm Sterling Bancorp agreed Wednesday to plead guilty to security fraud, including a $27.2 million fine, which will go towards paying restitution.