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Prospect News home > News index > List of issuers S > Headlines for Sterling Bancorp > News item
Published on 4/30/2014 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Sterling Bancorp to redeem all 8.375% cumulative trust preferreds

By Tali Rackner

Norfolk, Va., April 30 - Sterling Bancorp said it will redeem all of its 8.375% cumulative trust preferred securities issued by Sterling Bancorp Trust I, according to an 8-K filing with the Securities and Exchange Commission.

The securities will be redeemed at par of $10 per security plus accumulated distributions on June 2.

The Bank of New York Mellon is the trustee.

Sterling is a New York-based bank holding company.


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