nyse stl 1 industry financial services founded 1888 headquarters montebello ny key people louis cappelli chairman jack kopnisky president & ceo total assets us 11.956 billion 2015 2 website www.sterlingbancorp.com sterling bancorp is a regional bank holding company whose principal subsidiary sterling national bank provides 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 national bank had assets of nearly 12 billion at december 31 2015 . 3 headquartered in montebello new york sterling bancorp s shares are traded on the new york stock exchange nyse stl . 4 contents 1 history 2 differentiation 3 references 4 external links history edit the entity now known as sterling was founded in 1888 under the name provident bank . it later became a subsidiary of provident new york bancorp. 5 on august 10 2012 the company acquired gotham bank of new york which enabled the company to expand into the new york city marketplace . 6 on october 31 2013 the company acquired sterling bancorp through a merger . provident changed its legal name to sterling bancorp and the name of its principal banking subsidiary to sterling national bank . the merger was intended to create a larger more diversified company with a broader range of products and services for small to middle market commercial clients and consumers . 2 on june 30 2015 sterling completed the acquisition of hudson valley holding corp. which further expanded its presence in the greater new york metropolitan region . 2 the company also made smaller acquisitions to add specialized products and services most recently including damian services corp. a payroll financing business acquired march 2 2015 7 and a factoring portfolio from first capital corp. acquired may 18 2015 . 8 through these acquisitions sterling has expanded its range of services and market presence while providing opportunities for cost efficiencies and higher revenues and earnings . 2 differentiation edit the company is pursuing a strategy of becoming a high performing banking institution with a focus on serving small to middle market commercial businesses and affluent consumers . the bank believes this client segment is frequently underserved by larger bank competitors in its market area . sterling employs a team based strategy in which each client is served by relationship team that provides a single point of contact for delivering the bank s products and services and manages all aspects of the client relationship . 2 references edit trade symbol a b c d e sterling bancorp 2015 annual report form 10 k . edgar . united states securities and exchange commission . february 29 2016 . retrieved march 30 2016 . sterling bancorp 2015 4th quarter earnings call transcript seeking alpha . retrieved march 30 2016 . nyse quote . new york stock exchange . retrieved march 30 2016 . provident new york bancorp 2012 annual report . item 1 business page 16 . retrieved april 6 2016 . stewart jackie . provident in new york to buy gotham bank american banker january 18 2012 . retrieved march 30 2016 . sterling acquires damian services abf journal march 3 2015 . retrieved april 14 2016 macheel tanaya . sterling bancorp seacoast buy first capital s factoring operations american banker may 19 2015 . retrieved april 14 2016 external links edit wikimedia commons has media related to sterling bancorp. official website retrieved from https en.wikipedia.org w index.php title sterling bancorp & oldid 715364350 categories companies listed on nasdaq1966 establishments in the united statesbanks established in 1929banks based in new yorkfinancial services companies of the united statesholding companies1929 establishments in new yorkhidden categories commons category template with no category setcommons category without a link on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 april 2016 at 09 49 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view