Sterling Bancorp, Inc. (SBT)

Overview

Sterling Bancorp, Inc., based in Southfield, Michigan, stands as a singular thrift holding entity for Sterling Bank and Trust, F.S.B., concentrating on delivering community banking services to both individual and business clients. Established in 1984, the company is dedicated to facilitating the financial success of its customers through a comprehensive array of banking solutions. Operating from its headquarters in Southfield, MI, Sterling Bancorp, Inc., embodies a long-standing commitment to serving the banking needs of its community with a personalized approach.

Products and Services

Sterling Bancorp, Inc., via its subsidiary Sterling Bank and Trust, F.S.B., offers an array of financial products and services designed to cater to the diverse needs of its clientele, encompassing both individuals and businesses. Below is a detailed overview of their offerings:

• Checking, Savings, and Money Market Accounts: These accounts provide customers with the flexibility of managing daily financial transactions while earning interest on their deposits, facilitating personal and business financial health.
• Individual Retirement Accounts (IRAs) and Certificates of Deposit: Tailored for long-term savers, these products offer secure and potentially higher yield investment opportunities for retirement planning and savings growth.
• Term Certificates of Accounts: A fixed-term investment vehicle that guarantees a return on investment over a specific period, suitable for customers looking for stable earnings.
• Residential Mortgage Loans: Financing options available for individuals looking to purchase, refinance, or construct a home, offering various terms and rates to meet customer needs.
• Commercial and Industrial Loans: Customized lending solutions designed to support the operational and expansion needs of businesses, ranging from small enterprises to large corporations.
• Commercial Real Estate Loans: Financial support for the purchase, development, or refinancing of commercial properties, catering to investors and developers in the commercial real estate market.
• Construction Loans: Specialized loans intended for financing the construction of residential or commercial properties, providing tailored terms based on project needs.
• Consumer Loans: A variety of personal loan options including auto loans, personal lines of credit, and other secured and unsecured loans to help individuals finance personal projects or cover unexpected expenses.
• Commercial Lines of Credit: Flexible financing solutions offering businesses immediate access to funds for short-term needs or investment opportunities, enhancing their financial agility.
• Retail Banking Services: A comprehensive suite of banking services including online and mobile banking, tailor-made to enrich the banking experience of individual customers, ensuring convenience and accessibility.