| Business Summary | | Sterling
Bancorp
is
a
bank
holding
company
and
a
financial
holding
company
that
provides
a
full
range
of
financial
products
and
services,
including
business
and
consumer
loans,
commercial
and
residential
mortgage
lending
and
brokerage,
asset-based
financing,
accounts
receivable
management
services,
trade
financing,
equipment
leasing,
corporate
and
consumer
deposit
services,
trust
and
estate
administration
and
investment
management
services.
The
Company
owns
all
of
the
outstanding
shares
of
Sterling
National
Bank,
its
principal
subsidiary,
and
all
of
the
outstanding
shares
of
Sterling
Banking
Corporation.
Sterling
National
Mortgage
Company,
Inc.,
Sterling
National
Servicing,
Inc.,
Sterling
Factors
Corporation
and
Sterling
Holding
Company
of
Virginia,
Inc.
are
wholly
owned
subsidiaries
of
the
Bank. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STL
is
a
bank
holding
co.
engaged
in
business
and
consumer
loans,
asset
and
trade
financing,
factoring,
mortgage
lending,
leasing,
brokerage,
and
trust
and
estate
administration.
For
the
six
months
ended
6/30/01
total
interest
income
rose
4%
to
$48.8
million.
Net
interest
income
after
loan
loss
provision
rose
11%
to
$30.5
million.
Net
income
rose
17%
to
$9.2
million.
Results
reflect
growth
in
loans
outstanding,
lower
interest
rates,
and
higher
service
charge
on
deposit
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Louis Cappelli, 70 Chairman
and CEO | $2.3M | John Millman, 58 Pres | 1.2M | Joseph Adamko, 68 Vice
Chairman | -- | John Tietjen, 56 CFO,
VP, Treasurer | 230K | Jerrold Gilbert, 64 Exec.
VP, Gen. Counsel and Sec. | 181K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|