| Company Name: |
Sterling Bank |
| Headquarters: |
Houston TX |
| Industry: |
Regional Banks |
| Sector: |
None |
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Community
Sterling Bank Delivers World Class Banking with a Big Texas Heart
Sterling Bank employees generously shared their time, talents and treasures to make a difference in the Houston community. In 2007, our bankers reported 9,090 hours of volunteer service for non-profits in Texas. That's 227 work weeks of impact to Texas communities!
Sterling Bank is pleased to provide financial support to Houston organizations that make our community a great place to live, work, learn and play. We invest in children – the future of Texas.
Our charitable contributions are focused on providing families with the resources to overcome challenges and thrive; training the next generation to be healthy, well-rounded, productive community leaders; and ensuring a vibrant business climate to support financial prosperity.
Our employees help shape Sterling Bank’s charitable giving. Our bankers leveraged the corporate March of Dimes contribution 3:1, earning the designation as Houston’s #11 fundraising team. They continued to save lives, increasing blood donations 25% over the previous year. And, Sterling bankers who delivered 50 or more hours of volunteer service have seized the chance to enhance their hands-on impact by directing $500 grants to their favorite non-profit agencies.
At Sterling Bank, employees with big Texas hearts are improving our community one project at a time.
For more information about Sterling Bank, visit www.banksterling.com or call 713-466-8300. | | | |
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Promise to our Staff
Sterling Bankers represent our most important asset and we are committed to making an ongoing investment in their growth and development.
We firmly believe that the delivery of top-quality service is a team effort - understanding that the actions of one member are critical to the success of others and, ultimately, the ability of Sterling Bank to accomplish its mission. Our working environment is one in which teamwork thrives.
We strongly support individual initiative in responding to the needs of our customers and in continuously improving the quality and competitiveness of our products. We give each other the same respect, courtesy, and understanding that we share with every Sterling Bank customer.
Diversity
At Sterling Bank, every employee counts. Our company is committed to creating an inclusive work environment where business results are achieved through the skills, abilities and talents of our diverse workforce.
We foster:
- a culture in which mutual respect is the standard and where different backgrounds and viewpoints are considered competitive advantages;
- an environment where all employees have opportunities for personal and professional development;
- a regard for the multicultural nature of our customers and their communities; and
- recognition that diversity and inclusion are key components of our standard of excellence.
Diversity at Sterling Bank serves all of our constituents: our customers, our employees, our communities, and our shareholders.
Sterling People You Can Bank On
At Sterling Bank, we take pride in the world-class service and solutions we offer to our customers.
This is why we are proud to introduce Sterling People You Can Bank On, a performance recognition program that gives you the opportunity to recognize a Sterling Bank employee for a job well done.
Recognize exceptional performance that supports the following values:
- Customer Service
- Mutual Respect
- Professional and Personal Growth
- Leadership
- Innovation
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| Sterling Bank Completes Acquisition of Dallas and Fort Worth Bank Branches |
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Date: 2/11/2008
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Sterling Bank, a subsidiary of Sterling Bancshares, Inc. (Nasdaq: SBIB), completed the previously announced acquisition of ten bank branches located in the Dallas and Fort Worth areas from First Horizon National Corp. (NYSE: FHN). Sterling also acquired land from FHN for possible future Sterling Bank branches located in Lewisville, Arlington, and Fort Worth. In aggregate, the ten branches acquired add approximately $50 million in loans and $85 million in deposits to Sterling.
"We are pleased to report the successful acquisition and integration of the First Horizon bank branches located in the Dallas and Forth Worth areas," commented J. Downey Bridgwater, Sterling's Chairman, President and Chief Executive Officer. "With the completion of this acquisition we are able to establish a critical presence in Dallas and surrounding communities as well as enter into the Fort Worth market for the first time."
"Growing our franchise in North Texas will be instrumental in our efforts to achieve our mission of becoming the leading bank for small and medium sized businesses in Texas. We want to extend a warm welcome to the former First Horizon customers and bankers to Sterling," Bridgwater continued.
"This acquisition will greatly enhance our ability to serve our existing customers in North Texas, as well us put us in a position to build future relationships with customers throughout our market area," added Bruce Bradford, Sterling's Regional CEO for North Texas.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are based on beliefs and assumptions of management at the time that this release was prepared. The Company does not assume any obligation to update the forward-looking statements. There are several factors, many beyond the Company's control, that could cause results to differ significantly from expectations including: adverse changes in the loan portfolio and the resulting credit risk-related losses and expenses; potential inadequacy of the allowance for credit losses; the ability to maintain or improve origination volumes; competitive influences on product pricing; and the ability to integrate acquisitions and realize expected cost savings and revenue enhancements. Additional factors can be found in the Company's 2006 Annual Report on Form 10-K filed with the Securities and Exchange Commission and available at the Securities and Exchange Commission's web site (http://www.sec.gov).
About Sterling Bancshares
Sterling Bancshares, Inc. is a Houston-based bank holding company with total assets of $4.5 billion, which operates 59 banking centers in the greater metropolitan areas of Houston, San Antonio, Dallas, and Fort Worth, Texas. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol "SBIB". For more information on Sterling Bancshares, please visit the Company's web site at http://www.banksterling.com. |
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Sterling Bank Jobs 13 total (View all Sterling Bank Jobs) |
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