Sterling Bancorp (NYSE:STL) Files An 8-K Other EventsItem 9.01 Other Events
Effective October 2, 2017, Sterling Bancorp completed its previously announced merger (the “Merger”) with Astoria Financial Corporation (“Astoria”) to an Agreement and Plan of Merger, dated as of March 6, 2017, between Astoria and Sterling Bancorp. Upon completion of the Merger, Astoria merged with and into Sterling Bancorp, with Sterling Bancorp as the surviving entity.
On October 2, 2017, Sterling Bancorp filed a Current Report on Form 8-K (the “Original Report”) with the Securities and Exchange Commission (“SEC”) to report the completion of the Merger. On December 7, 2017, Sterling Bancorp filed a Current Report Amendment No.1 on Form8-K/A amending Item 9.01 of the Original Report to present certain financial statements of Astoria and certain pro forma financial information of Sterling Bancorp in connection with the Merger that are required by Items 9.01(a) and 9.01(b), respectively, of Form 8-K. This Current Report on Form 8-K presents certain updated financial statements of Astoria and certain updated pro forma financial information of Sterling Bancorp in connection with the Merger.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Financial Statements of Business Acquired |
The unaudited consolidated financial statements of Astoria as of and for the three and nine months ended September 30, 2017 and 2016, as well as the accompanying notes thereto, are filed as Exhibit 99.1 attached hereto and incorporated herein by reference.
| (b) | Pro Forma Financial Information |
Unaudited pro forma combined condensed consolidated statement of income for the year ended December 31, 2017, giving effect to the Merger as if it occurred on January 1, 2017, is filed as Exhibit 99.2 attached hereto and incorporated by reference.
STERLING BANCORP ExhibitEX-99.1 2 tv487842_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Astoria Financial Corporation Unaudited consolidated financial statements of Astoria as of and for the three and nine months ended September 30,…To view the full exhibit click here
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.
