Companies are rushing to borrow now in order lock in a lower rate before the Federal Reserve makes its move. Jack Kopnisky, CEO of Sterling National Bank (STL), said bankers should not abandon banking fundamentals simply because of a surge in the demand for credit. 'There are lots of people wanting to provide credit,' said Kopnisky. 'One of the challenges is making sure you stick to the fundamentals of credit which is the biggest risk in banking. We’ve been very deliberate in sticking to what we know that works over the long term.' Shares of the New York-based middle market lender have risen over 14% year-to-date. The company earned 25 cents in its third quarter earnings report in late October, beating the Wall Street consensus estimate by a penny. Net income for the quarter was $24.2 million while revenue was $112.2 million in the period. This was the first full quarter since the company’s merger with Hudson Valley Bank.