Sterling Bancorp (NYSE:STL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
| (b) | Resignation of James F. Deutsch as Director |
On December 31, 2018, Sterling Bancorp, a Delaware corporation (the “Company”), and the Company’s wholly-owned subsidiary, Sterling National Bank, a national banking association (the “Bank” and, together with the Company, “Sterling”) received and announced the resignation of James F. Deutsch from Sterling’s Board of Directors (the “Board”), effective December 31, 2018. Having served on Sterling’s Board since 2012, Mr. Deutsch voluntarily submitted his resignation for personal reasons. The resignation is not a result of any disagreement with Sterling’s Board or management or related to the operations, practices or policies of Sterling. Sterling’s Chairman of the Board will assign another current director to replace Mr. Deutsch as the Chairman of the Enterprise Risk Committee.
About Sterling Bancorp (NYSE:STL)
Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island, and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey. Its deposit products include non-interest bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits.
