Sterling Bank, was an owned subsidiary of Sterling Bankshares, Inc. (), of

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

. Sterling has total assets of $5 billion and operates 56 banking centers in the greater metropolitan areas of

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

San Antonio ("Cradle of Freedom") , image_map = , mapsize = 220px , map_caption = Interactive map of San Antonio , subdivision_type = Country , subdivision_name = United States , subdivision_type1= U.S. state, State , subdivision_name1 = Texas , s ...

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

Fort Worth Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly into four other counties: Denton, Johnson, Parker, and Wise. According ...

, as well as in the

Texas Hill Country The Texas Hill Country is a geographic region of Central and South Texas, forming the southeast part of the Edwards Plateau. Given its location, climate, terrain, and vegetation, the Hill Country can be considered the border between the Ameri ...

. The bank was founded in 1974 as Jersey Village Bank. Of the bank's 56 banking centers, 13 are in Dallas and Fort Worth, 29 are in Houston, 8 are in San Antonio, and 5 are in the

. On January 18, 2011 Sterling Bank announced that it would be acquired by

Comerica Bank Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helpin ...

in a

stock swap In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company e ...

deal valuing Sterling Bank over $1 billion. UpperKirby1996

Products and services

Sterling Bank offers business banking products and services including loans, lines of credit, multi-party checking, treasury management, automated clearinghouse functions, account analysis, investment sweep accounts, merchant credit card processing, international banking including letters of credit, export-import financing, investment portfolio management, trust and succession planning, interest bearing checking and

IOLTA Interest on Lawyers' Trust Accounts (IOLTA) is a method of raising money for charitable purposes, primarily the provision of civil legal services to indigent persons, through the use of interest earned on certain lawyer trust accounts. The establis ...

accounts, factoring, business online banking, Small Business Administration loans, and wire transfers. Sterling also offers personal banking products, such as interest and noninterest bearing checking, savings, money market accounts, and certificates of deposit. Sterling Bank's personal services include online banking, telephone banking, private banking, and trust and investment management. In 2009, Sterling Bank elected to participate in the expande
Federal Deposit Insurance Corporation
(FDIC) program, which provides depositors with unlimited coverage for non-interest-bearing transaction accounts at participating FDIC-insured institutions through December 2012.FDI
"Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts"
''FDIC'', December 31, 2009, accessed January 25, 2011.

Other branches and subsidiaries

Bank of the Hills is a branch of Sterling Bank that has five locations in the Texas Hill Country MBM Advisors, Inc. is an operating subsidiary of Sterling Bank, and a full-service specialist in the design, administration, investment management, and communication of retirement plans.

External links

Official Home Page
NASDAQ: SBIB Texas Bankers Association

References

{{Reflist https://finance.yahoo.com/q?s=SBIB&ql=0 Financial services companies of the United States Companies based in Houston Companies listed on the Nasdaq Defunct banks of the United States