SOUTHFIELD, Mich.--(BUSINESS WIRE)--Feb. 26, 2018--
Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the
holding company of Sterling Bank and Trust, F.S.B., today announced the
appointment of Rachel Tronstein Stewart as an independent director of
the Company, effective February 20, 2018. The appointment of Ms.
Tronstein Stewart expands the Board to nine directors, five of whom are
“We are very fortunate to have Rachel join our board,” said Gary Judd,
Chairman and CEO of Sterling Bancorp. “Rachel’s deep operational, as
well as marketing experience, will be a valuable addition to Sterling
and our shareholders. And, adding another independent director to the
Board of Directors further strengthens our commitment to strong
Ms. Tronstein Stewart is currently the President of Gardner-White
Furniture, a Michigan furniture retailer founded in 1912. Prior to
joining Gardner-White Furniture in 2012, Ms. Tronstein Stewart worked in
clean energy technologies, most recently at the U.S. Department of
Energy. She helped to develop the Department’s SunShot Initiative,
a project to make solar energy cost-competitive with traditional sources
of electricity by 2020. Previously, she focused on the clean energy
portfolio at former President Clinton’s Clinton Global Initiative. Ms.
Tronstein Stewart earned an MSc from the London School of Economics and
a BA from the University of Michigan. She was also recently appointed
the Board Chair of New Detroit, a coalition of leaders working towards
racial equity in Metropolitan Detroit.
About Sterling Bancorp, Inc.
Sterling Bancorp, Inc. is a unitary thrift holding company. Its wholly
owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch
operations in San Francisco and Los Angeles, California and New York
City, and a loan production office in Seattle, Washington. Sterling
offers a broad range of loan products to the residential and commercial
markets, as well as retail and business banking services. Sterling also
has an operations center and a branch in Southfield, Michigan. For
additional information, please visit the Company’s website at www.sterlingbank.com.
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Source: Sterling Bancorp, Inc.
Financial Profiles, Inc.
Larry Clark, 310-622-8223