Stock message boards
Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
Sterling Bancorp (DE) | 8.375% Cumulative Trust Preferred Securities (STL.PRA)

This preferred is marked as having been called.
Prospectus exerpt:  Sterling Bancorp Trust I is offering 2,200,000 preferred securities at $10 per preferred security. Sterling Bancorp Trust I will purchase 8.375% subordinated debentures of Sterling Bancorp using the proceeds from its offering of the preferred securities. The subordinated debentures have the same payment terms as the preferred securities.

Full Prospectus PDF », STL Page »

Redeemable?:Yes
Call Date:3/31/2007 (Now Trading Post Call Date)
Maturity Date:3/31/2032
Cumulative?:Yes
Shares Offered:2,200,000
Overallotment:300,000
Liquidation Preference:$10
Original Coupon:8.375%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
Sterling Bancorp is a bank and financial holding company. Co.'s wholly owned subsidiary, Sterling National Bank (the Bank) is engaged in the provision of a range of deposit, lending and wealth management products to commercial, consumer and municipal clients in its market area within the New York Metro Market, which includes Manhattan and Long Island; and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey. The Bank also acquires deposits from municipalities in its market area. As of Sep 30 2013, Co. had total assets of $4.05 billion and total deposits of $2.96 billion.

Preferred: STL.PRA


Open the STL Information Page »
Name:  Sterling Bancorp (DE)
Website:  www.sterlingbancorp.com
Sector:  Banking & Savings
Number of ETFs Holding STL:  45 (see which ones)
Total Market Value Held by ETFs:  $55,061,918
Total Market Capitalization:  $996,000,000
% of Market Cap. Held by ETFs:  5.53%

Quotes delayed 20 minutes

Sterling Bancorp (DE) | 8.375% Cumulative Trust Preferred Securities (STL.PRA) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2014, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.