{"id":470107,"date":"2021-04-01T16:13:27","date_gmt":"2021-04-01T20:13:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470107"},"modified":"2021-04-01T16:13:27","modified_gmt":"2021-04-01T20:13:27","slug":"sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\/","title":{"rendered":"Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026"},"content":{"rendered":"<div class=\"mw_release\">\n<p>PEARL RIVER, N.Y., April  01, 2021  (GLOBE NEWSWIRE) &#8212; Sterling Bancorp (NYSE: STL) (the \u201cCompany\u201d), the parent company of Sterling National Bank (the \u201cBank\u201d), 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 \u201cNotes\u201d). The notes have an aggregate principal amount of $145.0 million.<\/p>\n<p>The notes were redeemed on April 1, 2021 (the \u201cRedemption Date\u201d), 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.<\/p>\n<p>About Sterling Bancorporation<\/p>\n<p>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NehUEwd5EAEKf5pbUJDPbmZ2ILIG9xv2pgsQk2OtVNXbPIZB5tqW3v3KbZw3j0vZ-PcLYLVws28s3R6Zw2HgFm2U0lt37ffi80RyKzcoF9o=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sterlingbancorp.com<\/a>.<\/p>\n<p>\n        <strong>STERLING BANCORP CONTACT:<\/strong><br \/>\n        <br \/>\n        <strong>Emlen Harmon, Senior Managing Director <\/strong><br \/>\n        <strong>\u2013 <\/strong><br \/>\n        <strong>Investor Relations<\/strong><br \/>\n        <br \/>\n        <strong>212.309.7646<\/strong>\n      <\/p>\n<p align=\"left\">Sterling Bancorp<br \/><strong>Two Blue Hill Plaza, Second Floor<\/strong><br \/><strong>Pearl River, NY 10965<\/strong><br \/>T 845.369.8040<br \/>F 845.369.8255<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZQmTRYGtvZptCGbJhvEx-S543pSehBegz7JZPvqEn5M5LSmF0UfUkCvX-EDIEJoQkizr2K82jTgcU4VmlL9--wMsasT0CrS4syReVfPTQj6lDDB-NsLWFvMYwQtz7SDo\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.sterlingbancorp.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDM0NiM0MDkwNDU1IzIwODUwNTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/706a6548-f80d-4fde-90ab-dc6a67b2857e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PEARL RIVER, N.Y., April 01, 2021 (GLOBE NEWSWIRE) &#8212; Sterling Bancorp (NYSE: STL) (the \u201cCompany\u201d), the parent company of Sterling National Bank (the \u201cBank\u201d), 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 \u201cNotes\u201d). The notes have an aggregate principal amount of $145.0 million. The notes were redeemed on April 1, 2021 (the \u201cRedemption Date\u201d), 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470107","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PEARL RIVER, N.Y., April 01, 2021 (GLOBE NEWSWIRE) &#8212; Sterling Bancorp (NYSE: STL) (the \u201cCompany\u201d), the parent company of Sterling National Bank (the \u201cBank\u201d), 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 \u201cNotes\u201d). The notes have an aggregate principal amount of $145.0 million. The notes were redeemed on April 1, 2021 (the \u201cRedemption Date\u201d), 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 &hellip; Continue reading &quot;Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T20:13:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDM0NiM0MDkwNDU1IzIwODUwNTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026\",\"datePublished\":\"2021-04-01T20:13:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\\\/\"},\"wordCount\":201,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDM0NiM0MDkwNDU1IzIwODUwNTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sterling-bancorp-announces-redemption-of-sterling-national-bank-subordinated-notes-due-april-1-2026\\\/\",\"name\":\"Sterling Bancorp Announces Redemption of Sterling National Bank Subordinated Notes due April 1, 2026 - 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The notes have an aggregate principal amount of $145.0 million. The notes were redeemed on April 1, 2021 (the \u201cRedemption Date\u201d), 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. 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