Sterling Bank and Trust (FDIC certificate 32232) was established in 1984 and operates through 20 branch offices located in CA and MI. Mr. Gary Judd, President of Sterling Bank and Trust, leads a team of 185 employees.
Sterling Bank and Trust, headquartered in Southfield, MI, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that Sterling Bank and Trust has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
Sterling Bank and Trust is a savings association (thrift). With $2 billion in total assets, the OCC classifies the bank’s asset concentration as "Mortgage Lenders" which is defined as institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets.
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