Is Sterling Bank a real bank?
Financial entities operating under the name Sterling Bank are legitimate, regulated depository institutions offering traditional banking services such as consumer checking accounts, savings plans, mortgages, and commercial loans. These entities function as regulated financial intermediaries complying with official banking laws, providing standard consumer banking options under established state or federal oversight frameworks to protect everyday depositors.
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Sterling Bancorp and its primary banking subsidiary, Sterling National Bank, completed a massive multi-billion-dollar merger of equals with Webster Financial Corporation.
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