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    SEC Form SC 13G/A filed by Sterling Bancorp Inc. (Amendment)

    2/8/24 4:57:15 PM ET
    $SBT
    Savings Institutions
    Finance
    Get the next $SBT alert in real time by email
    SC 13G/A 1 eps11128_sbt.htm
     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No. 1 ) *

     

    Sterling Bancorp, Inc. (SBT)
    (Name of Issuer)
     
    Common Stock
    (Title of Class of Securities)
     
    85917W102
    (CUSIP Number)
     
    12/31/2023
    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

      ☐ Rule 13d-1(b)
         
      ☑ Rule 13d-1(c)
         
      ☐ Rule 13d-1(d)

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     
     
     

     

    CUSIP No.  85917W102   Page 2 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
    (ENTITIES ONLY) 

    FJ Capital Management LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 4,039,150 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 3,548,722 (2)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    4,039,150 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    7.76%

     

    12

     

    TYPE OF REPORTING PERSON

     

    IA
             

     

    (1)Consists of 3,261,810 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, 127,168 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which FJ Capital Management LLC is the sub-investment advisor, and 159,744 shares of common stock of the Issuer held by a managed account that FJ Capital Management manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

     

    (2)Consists of 3,261,810 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, 127,168 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 159,744 shares of common stock of the Issuer held by a managed account that FJ Capital Management manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

     

     

     

    CUSIP No.  85917W102   Page 3 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
    (ENTITIES ONLY) 

    Financial Opportunity Fund LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 3,261,810 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 3,261,810 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    3,261,810 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    6.26%

     

    12

     

    TYPE OF REPORTING PERSON

     

    OO
             

     

    (1)Consists of 3,261,810 shares of common stock of the Issuer held by Financial Opportunity Fund LLC.

     

     

     

    CUSIP No.  85917W102   Page 4 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
    (ENTITIES ONLY) 

    Financial Opportunity Long/Short Fund LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 127,168 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 127,168 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    127,168 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    0.24%

     

    12

     

    TYPE OF REPORTING PERSON

     

    OO
             

     

    (1)Consists of 127,168 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC.

     

     

     

     

    CUSIP No.  85917W102   Page 5 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
    (ENTITIES ONLY) 

    Martin Friedman

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    United States
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 4,039,150 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 3,548,722 (2)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    4,039,150 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    7.76%

     

    12

     

    TYPE OF REPORTING PERSON

     

    IN
             

     

    (1)Consists of 3,261,810 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, 127,168 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which FJ Capital Management LLC is the sub-investment advisor, and 159,744 shares of common stock of the Issuer held by a managed account that FJ Capital Management manages. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.
    (2)Consists of 3,261,810 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, 127,168 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 159,744 shares of common stock of the Issuer held by a managed account that FJ Capital Management manages. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.

     

     

     

    CUSIP No.  85917W102   Page 6 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    Bridge Equities XIV, LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 490,428 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 490,428 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    490,428 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    0.94%

     

    12

     

    TYPE OF REPORTING PERSON

     

    OO
             

     

    (1)Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC.

     

     

     

    CUSIP No.  85917W102   Page 7 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    SunBridge Manager, LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 490,428 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 490,428 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    490,428 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    0.94%

     

    12

     

    TYPE OF REPORTING PERSON

     

    OO
             

     

    (1)Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which SunBridge Manager, LLC is the Managing Member; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares.

     

     

     

    CUSIP No.  85917W102   Page 8 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    SunBridge Holdings, LLC

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 490,428 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 490,428 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    490,428 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    0.94%

     

    12

     

    TYPE OF REPORTING PERSON

     

    OO
             

     

    (1)Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

     

     

     

    CUSIP No.  85917W102   Page 9 of 16

     

     

    1

     

    NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS
    (ENTITIES ONLY) 

    White Oak Enterprises, Inc.

     

     

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ☑

    (b) ☐

     

    3

     

    SEC USE ONLY

     

     

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Maryland
    NUMBER OF
    SHARES
    5 SOLE VOTING POWER  
    BENEFICIALLY
    OWNED BY
    6 SHARED VOTING POWER 490,428 (1)
    EACH
    REPORTING
    7 SOLE DISPOSITIVE POWER  
    PERSON
    WITH:
    8 SHARED DISPOSITIVE POWER 490,428 (1)

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    490,428 (1)

     

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

     

    ☐

     

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

    0.94%

     

    12

     

    TYPE OF REPORTING PERSON

     

    CO
             

     

    (1)Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC. White Oak Enterprises, Inc. is the Manager of SunBridge Holdings, LLC; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

     

     

     

     

    CUSIP No.  85917W102   Page 10 of 16

     

    Item 1(a).   Name of Issuer:
         
        Sterling Bancorp, Inc. (SBT)
         
    Item 1(b).   Address of Issuer’s Principal Executive Offices:
         
        One Towne Square, Suite 1900
        Southfield, MI  48076
         
    Item 2(a).   Name of Person Filing:
         
       

    This Schedule 13G is being filed on behalf of the following Reporting Persons:

    Financial Opportunity Fund LLC

    Financial Opportunity Long/Short Fund LLC

    FJ Capital Management LLC

    Martin Friedman

    Bridge Equities XIV, LLC

    SunBridge Manager, LLC

    SunBridge Holdings, LLC

    White Oak Enterprises, Inc.

         
    Item 2(b).   Address of Principal Business Office or, if None, Residence:
         
       

    FJ Capital Management, LLC

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

     

    Financial Opportunity Fund LLC

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

     

    Financial Opportunity Long/Short Fund LLC

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

     

    Martin Friedman

    7901 Jones Branch Drive, Suite 210

    McLean, VA 22102

     

    Bridge Equities XIV, LLC

    8171 Maple Lawn Blvd, Suite 375

    Fulton, MD 20759

     

    SunBridge Manager, LLC

    8171 Maple Lawn Blvd, Suite 375

    Fulton, MD 20759

     

    SunBridge Holdings, LLC

    8171 Maple Lawn Blvd, Suite 375

    Fulton, MD 20759

     

     

     

     

    CUSIP No.  85917W102   Page 11 of 16

     

       

    White Oak Enterprises, Inc.

    8171 Maple Lawn Blvd, Suite 375

    Fulton, MD 20759

         
    Item 2(c).   Citizenship:
         
       

    Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, Bridge Equities XIV, LLC, and FJ Capital Management LLC, SunBridge Manager, LLC, SunBridge Holdings, LLC – Delaware limited liability companies

    Martin Friedman – United States citizen

    White Oak Enterprises, Inc. – Maryland corporation

         
    Item 2(d).   Title of Class of Securities:
         
        Common Stock
         
    Item 2(e).   CUSIP Number:
         
        85917W102
         
    Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

     

      (a) ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
           
      (b) ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
           
      (c) ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
           
      (d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
           
      (e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
           
      (f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
           
      (g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
           
      (h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
           
      (i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
           
      (j) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

     

     

     

    CUSIP No.  85917W102   Page 12 of 16

     

    Item 4. Ownership.
       
      Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     

      (a) Amount beneficially owned:
         
       

    FJ Capital Management LLC – 4,039,150 shares

    Financial Opportunity Fund LLC – 3,261,810 shares

    Financial Opportunity Long/Short Fund LLC – 127,168 shares

    Martin Friedman – 4,039,150 shares

    Bridge Equities XIV, LLC – 490,428 shares

    SunBridge Manager, LLC – 490,428 shares

    SunBridge Holdings, LLC - 490,428 shares

    White Oak Enterprises, Inc. – 490,428 shares

         
      (b) Percent of class:
         
       

    FJ Capital Management LLC – 7.76%

    Financial Opportunity Fund LLC – 6.26%

    Financial Opportunity Long/Short Fund LLC – 0.24%

    Martin Friedman – 7.76%

    Bridge Equities XIV, LLC – 0.94%

    SunBridge Manager, LLC – 0.94%

    SunBridge Holdings, LLC – 0.94%

    White Oak Enterprises, Inc. – 0.94%

         
      (c) Number of shares as to which such person has:
         
        (i) Sole power to vote or to direct the vote
           
          All Reporting Persons - 0
           
        (ii) Shared power to vote or to direct the vote
           
         

    FJ Capital Management LLC – 4,039,150 shares

    Financial Opportunity Fund LLC – 3,261,810 shares

    Financial Opportunity Long/Short Fund LLC – 127,168 shares

    Martin Friedman – 4,039,150 shares

    Bridge Equities XIV, LLC – 490,428 shares

    SunBridge Manager, LLC – 490,428 shares

    SunBridge Holdings, LLC - 490,428 shares

    White Oak Enterprises, Inc. – 490,428 shares

     

     

     

     

    CUSIP No.  85917W102   Page 13 of 16

     

        (iii) Sole power to dispose or to direct the disposition of
           
          All Reporting Persons – 0
           
        (iv) Shared power to dispose or to direct the disposition of
           
         

    FJ Capital Management LLC – 3,548,722 shares

    Financial Opportunity Fund LLC – 3,261,810 shares

    Financial Opportunity Long/Short Fund LLC – 127,168 shares

    Martin Friedman – 3,548,722 shares

    Bridge Equities XIV, LLC – 490,428 shares

    SunBridge Manager, LLC – 490,428 shares

    SunBridge Holdings, LLC - 490,428 shares

    White Oak Enterprises, Inc. – 490,428 shares

     

    Item 5. Ownership of Five Percent or Less of a Class.
      If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐
       
    Item 6. Ownership of More than Five Percent on Behalf of Another Person.
       
      N/A.
       
    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
       
      N/A
       
    Item 8. Identification and Classification of Members of the Group.
       
      Due to the relationships among them, the reporting persons hereunder may be deemed to constitute a “group” with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934.  
       
    Item 9. Notice of Dissolution of Group.
       
      N/A

     

    Item 10. Certification.
       
      By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

     

     

     

     

    CUSIP No.  85917W102   Page 14 of 16

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

         
    Date:  1/12/2024  

    Financial Opportunity Fund LLC

    By: FJ Capital Management LLC, its Managing Member

     

     

    By:     /s/ Martin Friedman                           

    Name: Martin Friedman

    Title: Managing Member

     

     

    Financial Opportunity Long/Short Fund LLC

    By: FJ Capital Management LLC, its Managing Member

     

     

    By:     /s/ Martin Friedman                           

    Name: Martin Friedman

    Title: Managing Member

     

     

     

    FJ Capital Management LLC

     

     

    By:     /s/ Martin Friedman                           

    Name: Martin Friedman

    Title: Managing Member

     

     

     

     

     

     

    /s/ Martin Friedman                          

    MARTIN FRIEDMAN

     

         

     

     

     

    CUSIP No .  85917W102   Page 15 of 16

     

     

    Bridge Equities XIV, LLC

    By: SunBridge Manager, LLC, its Managing Member

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

    SunBridge Manager, LLC

    By: SunBridge Holdings, LLC, its Managing Member

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

     

    SunBridge Holdings, LLC

    By: White Oak Enterprises, Inc., its Manager

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

    white oak enterprises, inc.

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

     

     

     

     

    CUSIP No .  85917W102   Page 16 of 16

    Joint Filing Agreement

    The undersigned agree that this Schedule 13G, and all amendments thereto, relating to the Common Stock Sterling Bancorp, Inc. (SBT) shall be filed on behalf of the undersigned.

    Financial Opportunity Fund LLC

    By: FJ Capital Management, LLC

     

     

    By:     /s/ Martin Friedman                           

    Name: Martin Friedman

    Title: Managing Member

     

     

    Financial Opportunity Long/short

    Fund LLC

    By: FJ Capital Management, LLC

     

     

    By:     /s/ Martin Friedman                           

    Name: Martin Friedman

    Title: Managing Member

     

     

    FJ Capital Management LLC

     

     

    By:     /s/ Martin Friedman                           

    Name: Martin Friedman

    Title: Managing Member

     

     

     

     

    /s/ Martin Friedman                    

    MARTIN FRIEDMAN

     

     

    Bridge Equities XIV, LLC

    By: SunBridge Manager, LLC, its Managing Member

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

    SunBridge Manager, LLC

    By: SunBridge Holdings, LLC, its Managing Member

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

    Sunbridge holdings, llc

    By: White Oak Enterprises, Inc., its Manager

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

    white oak enterprises, inc.

     

     

    By:    /s/ David J. Korotkin                        

    Name: David J. Korotkin

    Title: Vice President

     

     

     

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