SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sterling Bancorp, Inc. - SBT
Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
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Source: GlobeNewswire
NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NASDAQ: SBT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980. The investigation concerns whether Sterling and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On December 9, 2019, Sterling Bancorp disclosed that its subsidiary, Sterling Bank and Trust, FSB, had suspended its Advantage Loan program due to an ongoing internal review of documentation on past loans and due to an implementation of “systems and controls to ensure the Bank’s policies and procedures are followed on loans originated under the program.” On this news, Sterling Bancorp’s stock price fell $2.16 per share, or 22.86%, to close at $7.29 per share on December 9,
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