Sterling Bancorp, Inc. Announces Executive Changes
June 01, 2020 at 06:59 am EDT
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Sterling Bancorp, Inc. (the “Company”) announced that the Company has agreed to hire Thomas M. O’Brien as Chief Executive Officer, subject to prior receipt of regulatory non-objection from the Office of the Comptroller of the Currency. Mr. O’Brien currently serves as a consultant to the Board of Directors of the Bank and will not assume the duties and responsibilities of Chief Executive Officer until such regulatory non-objection is received. Steve Huber, current Chief Financial Officer and Treasurer of the Company, will continue to serve as Interim Chief Executive Officer until the time Mr. O’Brien becomes an employee of the Company. Mr. O’Brien is an accomplished leader in the financial services industry with over 44 years of industry experience. Most recently he served as Vice Chairman of New York City-based Emigrant Bancorp, Inc. and Emigrant Bank from October 2018 to March 2020.
Sterling Bancorp, Inc. is a unitary thrift holding company. It operates through Sterling Bank and Trust, F.S.B. (the Bank). The Bank originates commercial real estate loans and commercial and industrial loans, and provides deposit products, including checking, savings and term certificate accounts. It also engages in mortgage banking activities and, as such, acquires, sells and services residential mortgage loans. It offers a variety of commercial loan products, such as commercial real estate loans, construction loans and commercial and industrial loans. It offers traditional depository products, including checking, savings, money market, individual retirement accounts and certificates of deposits, to individuals and businesses throughout its market areas. It operates through a network of 27 branches, of which 25 branches are located in the San Francisco and Los Angeles, California metropolitan areas, with the remaining branches located in New York, New York and Southfield, Michigan.
STERLING BANCORP, INC. (SOUTHFIELD, MI) 
