Sterling Bancorp, Inc. (Michigan)

Sterling Bancorp, Inc. (Michigan)

Sterling Bancorp, Inc. (Michigan)

Overview
Date Founded

1989

Headquarters

One Towne Square, Suite 1900, Southfield, MI, 48076, USA

Type of Company

Public

Employees (Worldwide)

311

Industries

Retail & Commercial Banking

Company Description

Sterling Bancorp, Inc. is a holding company, which engages in the provision of financial services. It offers loan products to the residential and commercial markets; and retail banking services through its subsidiary Sterling Bank and Trust, FSB. The company also operates substantial and growing commercial and construction lending businesses. Sterling Bancorp was founded in 1989 and is headquartered in Southfield, MI.

Executives & Employees

Chairman, President & Chief Executive Officer

Assistant Secretary

Vice President & Chief Financial Officer

Professional

Board of Directors

Chairman, President & Chief Executive Officer at Sterling Bancorp, Inc. (Michigan)

Founding Partner at Telemus Capital LLC

Former Executive Vice President & Chief Risk Officer at M&T Bank Corp.

Vice President at W.L. Ross & Co. LLC

Co-Head of the Mid-America Shopping Center, Investment Sales Group at Mid-America Real Estate Corp.

President, Chief Executive Officer & Director at The Seligman Group

Independent Director at Sterling Bancorp, Inc. (Michigan)

Director at Sterling Bank & Trust

Director at Jewish Federation of Metropolitan Detroit

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Sterling Bancorp, Inc. (Michigan)
Owners & Shareholders
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FJ Capital is a fundamentally-driven manager which focuses on opportunities in the financial services industry, with an emphasis on the US community/regional bank sector. The firm invests primarily in equity securities of under-followed, publicly traded US community banks. They construct portfolios using proprietary fundamental research to uncover value disparities in the small- and mid-cap banking sector. FJ Capital seeks to take advantage of these disparities by building core positions with longer-term holding periods. They also seek to generate attractive, risk-adjusted investment returns by uncovering opportunities with identifiable, near-term catalysts.

Details Hidden

ACL is a value investor which has a focus on investments that trade at a discount to intrinsic value. Their primary method of analysis is fundamental analysis using financial newspapers and magazines; inspection of corporate activities; research materials prepared by others; corporate rating services; annual reports, prospectuses, filings with the SEC; and company press releases.

Details Hidden

FJ Capital is a fundamentally-driven manager which focuses on opportunities in the financial services industry, with an emphasis on the US community/regional bank sector. The firm invests primarily in equity securities of under-followed, publicly traded US community banks. They construct portfolios using proprietary fundamental research to uncover value disparities in the small- and mid-cap banking sector. FJ Capital seeks to take advantage of these disparities by building core positions with longer-term holding periods. They also seek to generate attractive, risk-adjusted investment returns by uncovering opportunities with identifiable, near-term catalysts.

Recent Transactions
Details Hidden

First Northwest Bancorp (Washington), First Federal Savings & Loan Association of Port Angeles purchase Sterling Bank & Trust Fsb /Bellevue Branch from Sterling Bancorp, Inc. (Michigan)

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Lido Advisors Holdings LLC, Lido Advisors LLC purchase QCM LLC from Sterling Bancorp, Inc. (Michigan)

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Sterling Bancorp, Inc. (Michigan) issued USD Common Stock

Transaction Advisors
Underwriter

Advised onSterling Bancorp, Inc. (Michigan) issued USD Common Stock

Selling Group Member

Advised onSterling Bancorp, Inc. (Michigan) issued USD Common Stock

Legal Advisor

Advised onFirst Northwest Bancorp (Washington), First Federal Savings & Loan Association of Port Angeles purchase Sterling Bank & Trust Fsb /Bellevue Branch from Sterling Bancorp, Inc. (Michigan)

Legal Advisor

Advised onSterling Bancorp, Inc. (Michigan) issued USD Common Stock

Legal Advisor

Advised onSterling Bancorp, Inc. (Michigan) issued USD Common Stock

Key Stats and Financials As of 2020
Market Capitalization
$240M
Total Enterprise Value
$-368M
Earnings Per Share
$-0.26
Revenue
$156M
Enterprise Value / Sales
-2.37x
Debt TEV
-1.1x
TEVNet Income
28.41x
Total Equity
$320M
Total Debt
$404M
Net Profit
$-13M
Three Year Compounded Annual Growth Rate Of Revenue
3.77%
Competitors
BOK Financial Corporation Retail & Commercial Banking - Tulsa, OK

BOK Financial's overall growth objective is to increase long-term value by building on existing market leadership throughout the state of Oklahoma and expanding into high-growth metropolitan areas in the region. BOK Financial began its regional expansion with two small acquisitions in the Dallas area in 1997 and has grown average assets in Texas to nearly $5 billion. Today over half of BOK Financial's loans are attributed to markets outside of Oklahoma. One of BOK Financial's notable strengths is its diverse revenue streams. Noninterest revenue consistently represents more than 40% of total revenue. BOK Financial offers a broad range of financial products and services, including cash management services, mortgage banking, and brokerage and trading services to middle-market and small businesses, financial institutions and consumers. BOK Financial's vision is to provide sophisticated nationally competitive products with personal responsive client service. BOK Financial's balanced strategies have withstood varying economic cycles. By staying focused on core objectives which include investing in top talent, maintaining diverse revenue streams and expanding its presence in the region, BOK Financial has grown from a $2 billion Oklahoma bank to a $25 billion regional financial services company. BOK Financial's proven strategies create value for shareholders, clients, employees and communities

Investors Bancorp, Inc. (New Jersey) Retail & Commercial Banking - Short Hills, NJ

Investors Bancorp, Inc. is a bank holding company for Investor Bank, which engages in the provision of banking services. Its services include complete deposit products, online banking, home equity loans and lines of credit, and a full array of mortgage loans. It also gives deposit accounts, cash management services, business loans and lines of credit, and commercial real estate financing solutions. The company was founded in 1926 and is headquartered in Short Hills, NJ.

Associated Banc-Corp Retail & Commercial Banking - Green Bay, WI

Associated Banc-Corp. operates as a bank holding company, which offers various banking and non-banking financial services to individuals and businesses through its subsidiaries. It operates through the following segments: Corporate and Commercial Specialty; Community, Consumer and Business; and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves customers including businesses, developers, non-profits, municipalities and financial institutions. The Community, Consumer & Business segment serves individuals, as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes corporate risk management, credit administration, finance, treasury, operations and technology shared functions. The company was founded in 1964 and is headquartered in Green Bay, WI.

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