Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026
April 01 2021 - 4:10PM
Sterling Bancorp (NYSE: STL) (the “Company”), the parent company of
Sterling National Bank (the “Bank”), today announced the Bank
completed the redemption of all of its outstanding 5.25%
Fixed-to-Floating Callable Subordinated Notes due April 1, 2026
(CUSIP 859428AT1) (the “Notes”). The notes have an aggregate
principal amount of $145.0 million.
The notes were redeemed on April 1, 2021 (the “Redemption
Date”), pursuant to their terms and conditions for an amount equal
to 100% of the principal amount of the Notes, plus accrued and
unpaid interest thereon to, but not including the Redemption
Date.
About Sterling Bancorporation
Sterling Bancorp, whose principal subsidiary is Sterling
National Bank, specializes in the delivery of service and solutions
to business owners, their families and consumers within the
communities we serve through teams of dedicated and experienced
relationship managers. Sterling National Bank offers a complete
line of commercial, business, and consumer banking products and
services. For more information, visit the Sterling Bancorp website
at www.sterlingbancorp.com.
STERLING BANCORP CONTACT:Emlen Harmon,
Senior Managing Director –
Investor
Relations212.309.7646
Sterling BancorpTwo Blue Hill Plaza, Second
FloorPearl River, NY 10965T 845.369.8040F
845.369.8255http://www.sterlingbancorp.com
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