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Sterling Banks, Inc (STBK)On Nov 25: 1.35   0.00 (0.00%)  
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Sterling Banks, Inc
3100 Route 38
Mount Laurel, NJ 08054
United States - Map
Phone: 856-273-6669
Fax: 856-273-7577
Web Site: http://www.sterlingnj.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Northeast Banks
Full Time Employees:99

BUSINESS SUMMARY 
Sterling Banks, Inc. operates as the holding company for Sterling Bank that provides community banking services to the consumer and small to medium-sized businesses in New Jersey. Its deposits products consist of checking accounts, regular savings accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. The bank originates primarily commercial and consumer loans. Its commercial loan portfolio consists primarily of commercial business loans to small and medium-sized businesses, and individuals for business purposes, as well as commercial real estate and construction loans. The bank offers commercial real estate loans for the acquisition of new property or for refinancing of existing property. It provides construction loans for residential and non-residential properties. The bank’s commercial business loans are used to finance the purchase of inventory, new or used equipment, or to provide short-term working capital. Its residential mortgage loan portfolio consists of home equity lines of credit and loans, and primary and first lien residential mortgages. The bank’s consumer installment loans consist of automobile loans, boat loans, mobile home loans, personal loans, and overdraft protection. As of March 31, 2009, the bank operated a main office in Mount Laurel, New Jersey, as well as nine other community banking centers located in Burlington and Camden Counties of New Jersey. Sterling Banks, Inc. is headquartered in Mount Laurel, New Jersey.
Key Statistics

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    CORPORATE GOVERNANCE 
    Sterling Banks, Inc's Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 22.5% of CGQ Universe companies and 9.7% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Robert H. King , 61
    Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Member of Asset/Liability Management & Investment Committee, Member of Loan Committee, Member of Community Reinvestment Committee, Chief Exec. Officer of Sterling Bank, Pres of Sterling Bank of Sterling Bank
    N/A N/A
    Mr. R. Scott Horner , 58
    Chief Financial Officer, Exec. VP, Sec., Director, Member of Asset/Liability Management & Investment Committee, Member of Community Reinvestment Committee, Chief Financial Officer of Sterling Bank, Exec. VP of Sterling Bank of Sterling Bank
    N/A N/A
    Mr. John Herninko , 60
    Exec. VP, Exec. VP of Sterlings Bank and Sr. Loan Officer of Sterlings Bank
    N/A N/A
    Ms. Theresa S. Valentino Congdon , 50
    Sr. VP, Sr. Retail Officer, Sr. VP of Sterling Bank and Sr. Retail Officer of Sterling Bank
    N/A N/A
    Mr. Dale F. Braun Jr., 45
    Principal Accounting Officer, Sr. VP, Controller, Sr. VP of Sterlings Bank and Controller of Sterlings Bank
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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