Wolters Kluwer names winner of its 2022 Community Impact Award
Sterling Bancorp, Inc. (SBT)
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Source: Business Wire
Sterling Bank & Trust honored at 26th Annual CRA & Fair Lending Colloquium LAS VEGAS--(BUSINESS WIRE)--Wolters Kluwer Compliance Solutions has named Sterling Bank & Trust, FSB, the wholly owned subsidiary of Sterling Bancorp, Inc. (Nasdaq: SBT) as the winner of its 2022 Community Impact Award. The announcement was made at the company’s 26th annual CRA & Fair Lending Colloquium held Nov. 13-16 at Caesars Palace Las Vegas. The award honors financial institutions for the breadth and innovative application of community development programs to benefit low- and middle-income communities in which they conduct business.Sterling was recognized for its development of a “Tenancy-in-Common” program in its California branches that promotes affordable homeownership, offering “fractional” loans for low- and middle-income as well as first-time home buyers.“It’s no secret that California residential real estate is among the most expensive in the nation, where rental rates in prime areas have been s
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