DEADLINE TODAY: The Schall Law Firm Announces it is Investigating Claims Against Sterling Bancorp, Inc. and Encourages Investors with Losses to Contact the Firm
Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
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sterlingbancorp.com
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sterling Bancorp, Inc. (“Sterling Bancorp” or “the Company”) (NASDAQ: SBT) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sterling Bancorp disclosed on December 9, 2019, that its Sterling Bank & Trust, FSB subsidiary suspended its Advantage Loan program due to an ongoing internal investigation of its documentation procedures. The investigation includes auditing the documentation of past loans and adding “systems of controls to ensure the Bank’s policies and procedures are followed for loan origination.” Based on this news, shares of Sterling Bancorp fell by almost 23% on the same day.If you are a shareholder who suffered a loss, click here to participate.We also encourage you
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