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INVESTOR ALERT: Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Provident Sterling Bancorp, Inc.

February 11, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Feb 10, 2020--

The law firm of Kirby McInerney LLP is investigating potential claims against Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NASDAQ: SBT ). This investigation concerns whether Sterling has violated federal securities laws and/or engaged in other unlawful business practices.

On December 9, 2019, Sterling Bancorp disclosed that its subsidiary, Sterling Bank and Trust, FSB, suspended its Advantage Loan program due to an ongoing internal review of documentation on past loans and due to an implementation of “systems and controls to ensure the Bank’s policies and procedures are followed on loans originated under the program.”

On this news, the Company’s stock price fell $2.16, or nearly 23%, to close at $7.29 per share on December 9, 2019, thereby injuring investors.

If you acquired Sterling securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200210005828/en/

CONTACT: Kirby McInerney LLP

Thomas W. Elrod, Esq.

(212) 371-6600

investigations@kmllp.com

www.kmllp.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Kirby McInerney LLP

Copyright Business Wire 2020.

PUB: 02/10/2020 08:00 PM/DISC: 02/10/2020 08:01 PM

http://www.businesswire.com/news/home/20200210005828/en