NEW YORK (TheStreet) - Following an exclusive interview with John Millman, during which the Sterling Bancorp (STL) President said his firm was considering acquisitions, TheStreet has developed a list of potential bank targets in the New York Tri-state area.
Millman also said his bank was taking advantage of the "constant change and flux" in the small business lending market following the bankruptcy of CIT Group and because lenders including Merrill Lynch - acquired by Bank of America (BAC) in January 2009 - Wachovia, which was acquired by Wells Fargo (WFC) in December 2008, and Washington Mutual, which failed and was purchased from the Federal Deposit Insurance Corporation by JPMorgan Chase (JPM) in September 2008, have essentially exited the market.
Sterling Bancorp's numbers reflect the bank's success in growing its business lending, as its loan portfolio grew 15% over the year ended June 30.
Click the image below for the list of ten commercial banks in the New York Tri-state with the highest asset concentrations in commercial and industrial loans:
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