Sterling Bancorp (NYSE: STL), parent company of Sterling National Bank, today announced that its Board of Directors declared a 20% stock dividend and increased its quarterly cash dividend by $0.01 per common share to $0.19 per common share.
Sterling Bancorp (NYSE: STL) is a financial holding company with assets of $1.5 billion, offering a full range of banking and financial services products. Its principal banking subsidiary is Sterling National Bank, founded in 1929. Sterling provides a wide range of products and services, including commercial lending, asset-based financing, factoring/accounts receivable management, international trade financing, commercial and residential mortgage lending, equipment leasing, trust and estate administration and investment management services. Sterling has operations in the metropolitan New York area, Virginia and other mid-Atlantic states and conducts business throughout the U.S.