This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sterling Bancorp Names James B. Klein To Board Of Directors

NEW YORK, Aug. 3, 2012 /PRNewswire/ -- Sterling Bancorp (NYSE: STL), the parent company of New York City-based Sterling National Bank, today announced that James B. Klein has been named to the Boards of Directors of Sterling Bancorp and its bank subsidiary.  Mr. Klein's appointment increases the size of the Sterling Bancorp Board of Directors to 11 members.

Mr. Klein is President of Eastland Shoe Corp., a family-owned manufacturer of classic, casual footwear, founded in 1955 and based in Freeport, Maine.  Eastland's well-regarded, nationally distributed brands include the premium "Made in Maine USA" collection.  Since joining Eastland in 1972, Mr. Klein's responsibilities have included strategic planning and financial management, sales and product development, supply chain management and global sourcing, and manufacturing and overall operations.  He also is working to transition the business to the third generation of family ownership and management.  Mr. Klein received his BA and Master of Science degrees from Syracuse University.

"We are very pleased to welcome Jim Klein to our Board of Directors.  Over the course of our longstanding business relationship with Jim and Eastland Shoe Corp., we have gained a respect for his entrepreneurial spirit and he, in turn, has a first-hand appreciation of Sterling's philosophy of customer service. He will bring a valuable perspective to our Board based on his successful track record in business, and his experience in expanding a family-owned company into a respected, nationally-known brand. This background makes Jim an excellent fit for Sterling, as our own profitable growth has been built on serving the needs of small to mid-sized businesses.  We look forward to benefitting from Jim's experience and insights," stated Louis J. Cappelli, Sterling Bancorp's Chairman and Chief Executive Officer.

About Sterling Bancorp

Sterling Bancorp (NYSE: STL) is a New York City-based financial corporation with assets of $2.6 billion. Since 1929, Sterling National Bank, the Company's principal banking subsidiary, has successfully served the needs of businesses, professionals and individuals in the NY metropolitan area and beyond. Sterling is well-known for its high-touch, hands-on approach to customer service and a special focus on serving the business community.

Sterling provides clients with a full range of depository and cash management services and a broad portfolio of financing solutions—including working capital lines, accounts receivable and inventory financing, factoring, trade financing, payroll funding and processing, equipment financing, commercial and residential mortgages and mortgage warehouse lines of credit.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs