Sterling Bancorp (Montebello, New York)

Sterling Bancorp (Montebello, New York)

Sterling Bancorp (Montebello, New York)

Overview
Date Founded

1888

Headquarters

400 Rella Boulevard, Montebello, NY, 10901, USA

Type of Company

Public

Employees (Worldwide)

1,907

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Sterling Bancorp operates as a financial and bank holding company of Sterling National Bank. It offers commercial, business, and consumer banking products and services through its subsidiary. The company was founded in 1888 and is headquartered in Montebello, NY.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Senior Vice President, Chief Financial & Accounting Officer

Senior Executive Vice President & Chief Risk Officer

Executive Vice President & Chief Legal Officer

Senior Executive Vice President & Chief Administrative Officer

Senior Executive Vice President & Corporate Banking President

Senior Vice President & Senior Managing Director of Commercial Banking

Principal

Vice President

Vice President

Board of Directors

General Counsel at Grand Avenue L.A. LLC

President & Chief Executive Officer at Sterling Bancorp (Montebello, New York)

Partner at Jones Day

Founder at First Long Island Investors LLC

Co-Chairman & Partner at Mercury

Senior Advisor at The Boston Consulting Group, Inc.

Founder at Naz Dec LLC

Former Executive Vice President, Chief Financial & Administration Officer at KBW LLC

Chief of Staff at Archdiocese of New York

Venture Advisor at Seed Equity Venture Partners LLC

Paths to Sterling Bancorp (Montebello, New York)
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Sterling Bancorp (Montebello, New York)
Owners & Shareholders
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EJF Capital's fixed income strategy is designed to invest in mispriced fixed income securities and to limit downside risk if the expected events surrounding a particular investment do not materialize. The strategy may use debt, equity and hybrid investments in privately held companies. Private transactions may include securities offered pursuant to Rule 144A, and assets currently held by the US Dept. of the Treasury in connection with the Capital Purchase Program under the Troubled Asset Relief Program (TARP). The strategy may invest REITs that issue structured finance products, and it may acquire interests in common or preferred stock, senior debt, subordinated debt, convertible debt, options, notes, warrants and futures. Investment grade, senior tranches of securities issued by CDOs and other securitization vehicles may be used. in the strategy. In another strategy, a fund may focus on niche fixed income markets where it is believed attractive returns can be generated with moderate risk. This includes RMBS, CMBS and commercial real estate CDOs. Finally, the strategy may invest in agency whole pool mortgage certificates, commercial mortgage loans, CRE mezzanine loans, securities issued by financial institutions and net lease loans and properties.One of EJF's equity strategies employs a long/short strategy that seeks to invest in securities that are listed, quoted, or traded on stock markets domestically and internationally. The firm may also apply a strategy which uses special situations equity, such as orphaned securities previously issued by companies under Rule 144A. Securities in this strategy may be issued by either domestic or foreign companies. A fund using this strategy may also invest in securities consisting of packages of securities that have equity-like characteristics or equity-like returns, such as the purchase or sale of put or call option contracts, shorting shares of common stock or debt, and other securities.In a third equity strategy, EJF generally emphasizes individual bottom-up security and considers a wide range of factors in determining whether a security is overvalued or undervalued. The firm takes long positions in companies they believe to be high quality with above-average growth at attractive multiples, and short positions in companies they believe are underperforming relative to the market. EJF could allocate a substantial portion of a fund's assets to one or more concentrated positions that they believe are undervalued or overvalued. EJF hedges their equity position by allocating a portion of a given portfolio to cash and by taking short positions.EJF employs a private equity strategy The strategy seeks to take advantage of market opportunities that are available in the community banking and related sectors. In this strategy, the firm focuses on the following: Debt and Collateralized Debt Obligations; Mortgage Servicing Rights; and Cash and Short Term Investments.

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FIMC offers a wide array of investment products and services. The principal investment strategy for fixed income includes cash management and purchase of short duration US government securities and high quality corporate debt. Equity strategy invests in common stocks that offer the potential for capital growth, current income or both. When purchasing equities, the account generally seeks to invest in common stocks of large-, mid-, and small-size companies that have a history of paying dividends. When the account cannot identify dividend-paying stocks that it finds attractive, it may invest in non-dividend-paying stocks. When purchasing equities, the account generally uses a bottom-up approach to selecting investments.

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Basswood Capital Management manages using two primary strategies, with the investment objective of generating long-term capital appreciation by investing primarily on a long basis and short basis in a select number of investments that we identify as likely to experience significant price appreciation or depreciation. Their primary strategies differ only in that one strategy is not focused by sector while the other focuses on the financial services sector. Within the financial sector strategy, Basswood may also manage long only funds and accounts, which generally restrict short selling. Basswood is an activist firm and are included in the SharkWatch50 as one the 50 most prominent activist investors.

Recent Transactions
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Sterling National Bank (Montebello, New York), Sterling Bancorp (Montebello, New York) purchase Woodforest National Bank /Lending Business from Woodforest National Bank

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Sterling National Bank (Montebello, New York), Sterling Bancorp (Montebello, New York) purchase Advantage Funding Management Co., Inc. from Macquarie Group Ltd.

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Sterling Bancorp (Montebello, New York) purchases Astoria Financial Corp.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onSterling Bancorp (Montebello, New York) purchases Astoria Financial Corp.

Escrow Agent

Advised onSterling Bancorp (Montebello, New York) issued USD Common Stock

Auditor

Advised onSterling Bancorp (Montebello, New York) issued USD Common Stock

Legal Advisor

Advised onSterling Bancorp (Montebello, New York) purchases Astoria Financial Corp.

Legal Advisor

Advised onSterling Bancorp (Montebello, New York) purchases Astoria Financial Corp.

Managing Director

Advised onSterling Bancorp (Montebello, New York) issued USD Common Stock

Advisors & Consultants
Senior Advisor

Former Chief Banking Officer & Senior Executive Vice President at Sterling National Bank (Montebello, New York)

Key Stats and Financials As of 2018
Market Capitalization
$4.41B
Total Enterprise Value
$8.7B
Earnings Per Share
$1.95
Revenue
$1.3B
Total Equity
$4.43B
Net Profit
$447M
Enterprise Value Sales
6.68x
TEVNet Income
19.45x
Debt TEV
0.61x
Total Debt
$5.29B
Five Year Compounded Annual Growth Rate Of Revenue
52.12%
Three Year Compounded Annual Growth Rate Of Revenue
46.87%
Investors
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President, Treasurer, Assistant Secretary & Chief Compliance Officer at Kahn Brothers LLC

Competitors
Wells Fargo & Co. Retail & Commercial Banking - SAN FRANCISCO, CA

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

KeyCorp Retail & Commercial Banking - Cleveland, Ohio

KeyCorp operates as bank holding company. The company operates through the following two segments: Key Community Bank and Key Corporate Bank. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and home equity, credit card and personalized wealth management products and business advisory services. The Key Corporate Bank segment focuses on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank focuses on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology, which delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance. The company was founded in 1958 and is headquartered in Cleveland, OH.

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