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Rising revenue propelled first-quarter results at Sterling Bancorp (STL) in New York. Earnings at the $2.8 billion-asset company rose 13% from a year earlier, to $5.3 million, or 17 cents a share.
April 26 -
The $3.8 billion-asset Provident said Thursday it would pay $344 million in stock for Sterling, or about 1.3 shares of Provident stock for each Sterling share.
April 4
Provident New York Bancorp (PBNY) will raise $100 million through a debt offering.
The $3.7 billion-asset company in Montebello, N.Y., said Thursday that it would sell senior notes that pay 5.5% and are due in 2018. The private placement is expected to close this Tuesday.
Provident has a
