Great news for the state's second largest banks: federal regulators have released Sterling Bank from the cease and desist order that was placed on them about a year ago. This should be a clear sign that the bank is on better financial footing. The bank had raised money through a recapitalization and the bank has been performing better as of late. It is always good when a local bank is doing well providing jobs to the state and giving more options to local consumers.
Showing posts with label Sterling Bank. Show all posts
Showing posts with label Sterling Bank. Show all posts
Tuesday, September 28, 2010
Sterling Bank - Cease and Desist Lifted
Great news for the state's second largest banks: federal regulators have released Sterling Bank from the cease and desist order that was placed on them about a year ago. This should be a clear sign that the bank is on better financial footing. The bank had raised money through a recapitalization and the bank has been performing better as of late. It is always good when a local bank is doing well providing jobs to the state and giving more options to local consumers.
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