Sterling Bancorp was an American regional bank holding company that owned Sterling National Bank. It merged into Webster Bank in February 2022.
Prior to the Webster merger, Sterling National Bank provided a full range of banking and financial services to business owners, their families, and consumers, primarily in the greater New York metropolitan and Hudson Valley regions. Sterling Bancorp had assets of approximately $30 billion at October 2, 2017, following its acquisition of Astoria Financial Corp.[2] Headquartered in Montebello, New York, Sterling Bancorp's shares were traded on the New York Stock Exchange.[3]
History
The bank was founded in 1888 under the name Provident Bank. It later became a subsidiary of Provident New York Bancorp.[4]
On August 10, 2012, the company acquired Gotham Bank of New York, which enabled the company to expand into the New York City marketplace.