• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form S-8 POS filed by Sterling Bancorp Inc.

    4/1/25 4:51:09 PM ET
    $SBT
    Savings Institutions
    Finance
    Get the next $SBT alert in real time by email
    S-8 POS 1 tm2510967d2_s8pos.htm S-8 POS

    As filed with the Securities and Exchange Commission on April 1, 2025 

    Registration No. 333-259626

    Registration No. 333-259628

    Registration No. 333-264058

    Registration No. 333-270932

     

     

    UNITED STATES 

    SECURITIES AND EXCHANGE COMMISSION 

    Washington, D.C. 20549

     

     

     

    Post-Effective Amendment No. 1

     

    to

     

    FORM S-8 REGISTRATION STATEMENT NO. 333-259626

     

    FORM S-8 REGISTRATION STATEMENT NO. 333-259628

     

    FORM S-8 REGISTRATION STATEMENT NO. 333-264058

     

    FORM S-8 REGISTRATION STATEMENT NO. 333-270932
    Under the Securities Act of 1933

     

     

     

    STERLING BANCORP, INC. 

    (Exact name of registrant as specified in its charter)

     

     

     

    Michigan       38-3163775

    (State or other jurisdiction

    of incorporation or organization)

         

    (IRS Employer

    Identification No.) 

     

    One Towne Square, Suite 1900
    Southfield, Michigan 48076
    (Address of principal executive offices) (Zip Code)

     

    2017 Omnibus Equity Incentive Plan

     

    2020 Omnibus Equity Incentive Plan

     

    Sterling Bank & Trust 401(k) Plan
    (Full title of the plans)

     

    Christine Meredith
    President
    Sterling Bancorp, Inc.
    One Towne Square, Suite 1900
    Southfield, Michigan 48076
    (248) 355-2400

     

    (Name, address and telephone number of agent for service)

     

     

     

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

     

    Large accelerated filer ¨ Accelerated filer         x
    Non-accelerated filer ¨ Smaller reporting company         x
        Emerging growth company          ¨

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

     

     

     

     

     

    EXPLANATORY NOTE: DEREGISTRATION OF SECURITIES

     

    This Post-Effective Amendment No. 1 (the “Post-Effective Amendment”) relates to the following Registration Statements on Form S-8 (collectively, the “Registration Statements”) filed with the Securities and Exchange Commission (“SEC”) by Sterling Bancorp, Inc. (the “Company”):

     

    1.Registration Statement No. 333-259626, filed with the SEC on September 17, 2021, registering 527,328 shares of the Company’s common stock, no par value (the “Common Stock”), issuable pursuant to the 2017 Omnibus Equity Incentive Plan;

     

    2.Registration Statement No. 333-259628, filed with the SEC on September 17, 2021, registering 3,979,661 shares of Common Stock, issuable pursuant to the 2020 Omnibus Equity Incentive Plan;

     

    3.Registration Statement No. 333-264058, filed with the SEC on April 1, 2022, registering 200,000 shares of Common Stock, issuable pursuant to the Sterling Bank & Trust 401(k) Plan (the “401(k) Plan”); and

     

    4.Registration Statement No. 333-270932, filed with the SEC on March 29, 2023, registering an additional 300,000 shares of Common Stock, issuable pursuant to the 401(k) Plan.

     

    On April 1, 2025, the Company filed a certificate of dissolution with the Michigan Department of Licensing and Regulatory Affairs in order to wind down and dissolve the Company. In connection with the filing of the certificate of dissolution, the Company has terminated any and all offerings of its securities pursuant to the Registration Statements. In accordance with the undertakings made by the Company in the Registration Statements to remove from registration, by means of post-effective amendments, any of the securities registered pursuant to the Registration Statements that remain unsold at the termination of the offerings, the Company hereby removes from registration all securities of the Company registered under the Registration Statements that remain unsold as of the date of this Post-Effective Amendment, and terminates the effectiveness of the Registration Statements.

     

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Southfield, State of Michigan, on April 1, 2025.

     

      STERLING BANCORP, INC.
    (Registrant)
         
      By: /s/ CHRISTINE MEREDITH
       

    Christine Meredith
    President

    (Principal Executive Officer)

     

    No other person is required to sign this Post-Effective Amendment in reliance upon Rule 478 under the Securities Act of 1933, as amended.

     

     

     

    Get the next $SBT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SBT

    DatePrice TargetRatingAnalyst
    3/17/2023$6.75 → $6.00Neutral → Overweight
    Piper Sandler
    More analyst ratings

    $SBT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Sterling Bancorp Announces Declaration of Initial Liquidating Distribution; Stock Transfer Books Closed; Mr. Thomas M. O'Brien Steps Down as Chairman, President and Chief Executive Officer

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company") today announced that the Company's board of directors (the "Board" or "Board of Directors") has declared an initial liquidating distribution pursuant to its previously announced Plan of Dissolution in the amount of $4.85 per share, or approximately $252 million, payable on April 8, 2025 to shareholders of record as of April 1, 2025 and has set April 1, 2025 as the record date for all future liquidating distributions to shareholders pursuant to the Plan of Dissolution. The Company also announced that it has closed its stock transfer books effective as of the close of business today and has filed a Form 25 with the Securities a

      4/1/25 3:58:00 PM ET
      $SBT
      Savings Institutions
      Finance
    • Sterling Bancorp Announces Closing of Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp; Certificate of Dissolution to be Filed and Common Stock to be Delisted

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced the closing of the previously announced sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation ("EverBank"), which will become effective as of 12:01 a.m. (Eastern Time) on April 1, 2025. In connection with the closing of the sale, the Company received a fixed purchase price of $261 million in cash pursuant to the definitive Stock Purchase Agreement by and among the Company, the Bank and EverBank, dated September 15, 2024. Additionally, immediately following the effecti

      3/31/25 4:00:00 PM ET
      $SBT
      Savings Institutions
      Finance
    • Federal Reserve Board Approves the Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp

      Closing Date Set for April 1, 2025; Sterling Bancorp, Inc. to Delist From Nasdaq Upon Completion of Sale Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System of the Company's sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation ("EverBank"), which is the final regulatory approval needed to complete the sale transaction. The Company announced earlier today that EverBank had received regulatory approval for the transaction fro

      3/14/25 6:52:00 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Sterling Bancorp, Inc. upgraded by Piper Sandler with a new price target

      Piper Sandler upgraded Sterling Bancorp, Inc. from Neutral to Overweight and set a new price target of $6.00 from $6.75 previously

      3/17/23 8:11:07 AM ET
      $SBT
      Savings Institutions
      Finance
    • Hovde Group initiated coverage on Sterling Bancorp, Inc. with a new price target

      Hovde Group initiated coverage of Sterling Bancorp, Inc. with a rating of Outperform and set a new price target of $6.00

      1/29/21 7:03:30 AM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • CHIEF RISK OFFICER Willis Eleni covered exercise/tax liability with 13,425 shares, decreasing direct ownership by 21% to 51,653 units (SEC Form 4)

      4 - Sterling Bancorp, Inc. (0001680379) (Issuer)

      3/21/25 5:40:18 PM ET
      $SBT
      Savings Institutions
      Finance
    • CHIEF OPERATING OFFICER Meredith Christine covered exercise/tax liability with 38,421 shares, decreasing direct ownership by 21% to 144,150 units (SEC Form 4)

      4 - Sterling Bancorp, Inc. (0001680379) (Issuer)

      3/21/25 5:39:27 PM ET
      $SBT
      Savings Institutions
      Finance
    • EVP AND CFO Knott Karen covered exercise/tax liability with 43,794 shares, decreasing direct ownership by 26% to 127,188 units (SEC Form 4)

      4 - Sterling Bancorp, Inc. (0001680379) (Issuer)

      3/21/25 5:38:38 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Financials

    Live finance-specific insights

    See more
    • Sterling Bancorp Reports Fourth Quarter and Full Year 2024 Financial Results

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the quarter and year ended December 31, 2024. Fourth Quarter and Year-End 2024 Highlights Fourth quarter net income of $1.2 million, or $0.02 per diluted share; full year net income of $2.1 million, or $0.04 per diluted share Fourth quarter net interest margin of 2.24%; full year net interest margin of 2.37% Fourth quarter provision for (recovery of) credit losses of $(4.2) million; full year provision for (recovery of) credit losses of $(8.5) million Nonperforming loans of $14.6 million, or 1

      1/30/25 7:56:00 AM ET
      $SBT
      Savings Institutions
      Finance
    • Sterling Bancorp Reports Third Quarter 2024 Financial Results

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net loss of $(0.1) million, or $(0.00) per diluted share Net interest margin of 2.30% Nonperforming loans of $13.2 million, 1.08% of total loans and 0.54% of total assets Provision for (recovery of) credit losses of $(2.3) million; ratio of allowance for credit losses to total loans of 2.04% Non-interest expense of $15.6 million Shareholders' equity of $334.6 million Company's consolidated and Bank's leverage ratio of 1

      10/30/24 8:00:00 AM ET
      $SBT
      Savings Institutions
      Finance
    • Sterling Bancorp Reports Second Quarter 2024 Financial Results

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today reported its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net income of $1.3 million, or $0.03 per diluted share Net interest margin of 2.44% Nonperforming loans of $12.2 million, 0.97% of total loans and 0.51% of total assets Provision for (recovery of) credit losses of $(2.1) million; ratio of allowance for credit losses to total loans of 2.18% Non-interest expense of $14.9 million Shareholders' equity of $328.9 million Company's consolidated and Bank's leverage ratio o

      7/24/24 7:30:00 AM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Leadership Updates

    Live Leadership Updates

    See more
    • Appointment of New Independent Directors, Michael Donahue and Eboh Okorie

      Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced that on March 24, 2022, the Company appointed Mr. Michael Donahue and Mr. Eboh "Duke" Okorie to the Board of Directors of the Company (the "Board"), effective immediately. Mr. Donahue and Mr. Okorie will serve as directors until the 2022 annual meeting of the shareholders of the Company (the "2022 Annual Meeting") and until their respective successors are duly elected and qualified or their earlier resignation or removal. Mr. Donahue and Mr. Okorie have been nominated for re-election by the Company's shareholders at the 2022 Annual Meeting.

      3/25/22 8:00:00 AM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    SEC Filings

    See more
    • SEC Form 15-12G filed by Sterling Bancorp Inc.

      15-12G - Sterling Bancorp, Inc. (0001680379) (Filer)

      4/11/25 11:04:53 AM ET
      $SBT
      Savings Institutions
      Finance
    • SEC Form S-8 POS filed by Sterling Bancorp Inc.

      S-8 POS - Sterling Bancorp, Inc. (0001680379) (Filer)

      4/1/25 4:52:35 PM ET
      $SBT
      Savings Institutions
      Finance
    • SEC Form S-8 POS filed by Sterling Bancorp Inc.

      S-8 POS - Sterling Bancorp, Inc. (0001680379) (Filer)

      4/1/25 4:51:49 PM ET
      $SBT
      Savings Institutions
      Finance

    $SBT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Sterling Bancorp Inc.

      SC 13G/A - Sterling Bancorp, Inc. (0001680379) (Subject)

      11/14/24 1:22:37 PM ET
      $SBT
      Savings Institutions
      Finance
    • Amendment: SEC Form SC 13D/A filed by Sterling Bancorp Inc.

      SC 13D/A - Sterling Bancorp, Inc. (0001680379) (Subject)

      9/17/24 7:11:09 PM ET
      $SBT
      Savings Institutions
      Finance
    • SEC Form SC 13G/A filed by Sterling Bancorp Inc. (Amendment)

      SC 13G/A - Sterling Bancorp, Inc. (0001680379) (Subject)

      2/8/24 4:57:15 PM ET
      $SBT
      Savings Institutions
      Finance