Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE:STL), has been ranked #31 in Forbes magazine’s annual ranking of America’s Best Banks, a rise from #36 in 2017's rankings and #87 in 2016’s rankings. The ninth annual list gauges the financial condition of each of America's 100 largest banks and thrifts by assets, and is based on a combination of 10 key metrics related to growth, profitability, capital adequacy and asset quality.
"We are pleased to once again be named to this very prestigious list and proud of our continued rise in the rankings,” said Jack Kopnisky, President and Chief Executive Officer of Sterling. “Over the past year we have continued to deliver on our commitment of providing value for customers, shareholders, employees and communities. Now, with the successful completion of the Astoria acquisition, and the integration of new expertise and capabilities, we are delivering on our vision of building a highly diversified regional bank. The growth we’ve seen in assets, loans, deposits, and earnings are all testaments to the success of our strategy and the hard work of our teams.”
Read the full press release to learn more about Sterling National Bank's position in Forbes magazine's America's Best Banks list.