Sterling Bancorp said Thursday its board approved the repurchase of up to 5% of its common shares.

The banking company, which has $850 million of assets, has 8.2 million shares outstanding. Sterling has operations in New York and Virginia and conducts business nationwide.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.