Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B. (the “Bank”), today announced the completion of the sale of a pool of its commercial real estate loans to a third-party purchaser. The pool consisted of 21 loans with an aggregate outstanding principal balance of approximately $56.8 million at December 31, 2021. The commercial real estate loans sold are primarily secured by single-room occupancy hotel properties.
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