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Results 1 - 7 of 7 for "" in Montebello, NY

  1. The good, the bad and the unknown in Fed's latest rate hikeRead the original story w/Photo

    Wednesday Oct 10 | American Banker

    The Federal Reserve recently approved its third interest rate increase of the year , and that is both good and concerning news for banks. On the plus side, higher rates typically mean improved yields on loans.


  2. 8 banks entangled in Trump-related probesRead the original story w/Photo

    Aug 19, 2018 | American Banker

    In the 1976 film "All The President's Men," the shadowy character played by Hal Holbrook famously asserted that the key to unraveling the Watergate scandal that was enveloping Richard Nixon's presidency was to "follow the money." Forty-four years later, the money trail is a key part of investigations that are dominating headlines in the Trump era.


  3. Sterling in N.Y. bucks trend with expanded muni reachRead the original story w/Photo

    Jul 20, 2018 | American Banker

    Sterling Bancorp in Montebello, N.Y., is branching deeper into its home state with a new municipal group focused on an array of nonpublic financing services during a time when loans to bond issuers are on the decline. The $30.5 billion-asset company, which provides financing to local government banking clients through lease-purchase agreements, direct loans and the purchase of privately placed bonds, has tapped Tammy Leisen from Capital One Financial to lead its new Long Island municipal banking team.


  4. Signature's taxi-loan woes in the rearview mirror, CEO insistsRead the original story w/Photo

    Apr 19, 2018 | American Banker

    Signature Bank in New York took yet another writedown on its portfolio of taxi medallion loans in the first quarter, and CEO Joseph DePaolo insists it was for the last time. "We know we've said this before, but we do feel we've put this behind us now," DePaolo said during a first-quarter earnings call in which the $44.4 billion-asset bank reported a sharp drop in its quarterly profit after charging off $129 million of its medallion loans.


  5. Grand plan, local connections led this bank to a pivotal acquisitionRead the original story w/Photo

    Feb 13, 2018 | American Banker

    People's Bank of Commerce was eager to diversify its balance sheet, so when the Medford, Ore., bank heard the owners of a local factoring firm had decided to cash out, it pounced on the opportunity. Six months later, the bank's deal for Steelhead Finance is paying rich dividends.


  6. Sterling reports 4Q loss on long list of merger expensesRead the original story w/Photo

    Jan 23, 2018 | American Banker

    Sterling Bancorp in Montebello, N.Y., posted a fourth-quarter loss after absorbing expenses tied to its acquisition of Astoria Financial. The $30.4 billion-asset company said in a press release Tuesday that it lost $35.3 million in the fourth quarter, compared with a $41 million profit a year earlier.


  7. C&I portfolio expands 18% at Sterling BancorpRead the original story w/Photo

    Oct 24, 2017 | American Banker

    Third-quarter profit soared at Sterling Bancorp in Montebello, N.Y., thanks to strong growth in its commercial and industrial loan portfolio. The $31 billion-asset company said Tuesday that it earned $44.9 million, up almost 20% from a year earlier.


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