Sterling National Bank

Sterling National Bank, originally established in 1895 as Provident Savings, A Federal Savings and Loan Association, has undergone significant transformations throughout its history. The institution changed its name to Provident Bank in 1997, followed by a rebranding to Sterling National Bank in 2013. This change coincided with the bank's transition to a commercial bank and its admission as a national bank, becoming a member of the Federal Reserve System. Over the years, Sterling National Bank has engaged in numerous acquisitions, including notable institutions such as Gotham Bank of New York in 2012 and Hudson Valley Bank in 2015. On October 2, 2017, it acquired Astoria Bank, further expanding its presence in the financial sector. In recent years, the main office was relocated to Pearl River, New York, in September 2020. Ultimately, on February 1, 2022, Sterling National Bank merged with Webster Bank, National Association, marking the end of its independent operations while continuing its legacy within a larger banking framework.

Below is a list of some important events in banks history, including mergers and acquisitions.

1895-01-01Institution established. Original name: Provident Savings, A Federal Savings and Loan Association.

1990-05-12Acquired First Federal Savings and Loan Association of Suffern in Suffern, NY.

1991-01-23Changed Institution Name to Provident Savings Bank, F.a..

1997-01-22Changed Institution Name to Provident Bank.

1998-09-24Main Office moved to 400 Rella Boulevard, Montebello, NY 10901.

1999-01-07Changed Organization Type to Stock Savings & Loan.

2000-02-18Changed Trust Powers to Limited.

2002-04-24Acquired The National Bank of Florida in Florida, NY.

2004-01-14Acquired Ellenville National Bank in Ellenville, NY.

2004-10-01Acquired The Warwick Savings Bank in Warwick, NY.

2004-10-01Acquired The Towne Center Bank in Lodi, NJ.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2012-08-11Acquired Gotham Bank of New York in New York, Ny.

2013-10-31Institution becomes member of the Federal Reserve System.

2013-10-31Changed Bank Class to National Bank, member of the Federal Reserve System (FRS).

2013-10-31Changed Organization Type to Commercial Bank.

2013-10-31Changed Institution Name to Sterling National Bank.

2013-10-31Acquired Sterling National Bank in New York, Ny.

2013-10-31Acquired Provident Municipal Bank in Montebello, NY.

2015-06-30Acquired Hudson Valley Bank, National Association in Yonkers, NY.

2017-10-02Acquired Astoria Bank in Long Island City, NY.

2020-09-14Main Office moved to 2 Blue Hill Plz, Pearl River, NY 10965.

2022-02-01Merged and became part of Webster Bank, National Association in Stamford, CT.