Sterling Bank and Trust, FSB

Overview / Commentary
One Towne Square Ste. 165
Southfield, MI 48076

Sterling Bank and Trust, FSB is headquartered in Southfield and is the 8th largest bank in the state of Michigan. It is also the 443rd largest bank in the nation. It was established in 1984 and as of June of 2022, it had grown to 281 employees at 28 locations. Sterling Bank and Trust, FSB has a B health rating.

Related Posts

Sterling Cracking The 4% Club - 11/24/2022

Not that it is meaningful now, but for the 13 month and 18 month terms, 4.07% (4.15% APY) rates, 24 month 3.44% (3.50% APY). Other rates sub 2%. As always, Sterling Club gets a 0.05% APY boost (55+ and $500 in non interest checking). The Ambassador Club savings (high yield account) is 3% (3.05% APY) with $25,000 minimum balance, new money. All effective 11/15/2022.

Sterling 3.20% (3.25% APY) 18 Month, 3.44% (3.50% APY) 24 Month Cds - 10/31/2022

Add 0.05% for Sterling Club (55+ and $500 in a non interest bearing account). Ambassador Club also 2.47% (2.50% APY) for $25,000 in new money.

Sterling Bank 2.9% APY 18 Or 24 Month CD - 8/11/2022

Rate change today. 6 month 1.5% 12 month 1.9% 18 and 24 month 2.9% 36 month 1.2% 48 month 1.25% 60 month 1.4% Add 0.05% for Sterling Club membership (55+ and $500 in a 0.06% interest bearing checking account).

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Reviews (1)

Checking Account 300 Bonus

Posted by: |

Opened eagle checking account yesterday. Excellent customer service experience. 300 bonus requires 500 opening deposit and TWO DD of 500 each for consecutive 60 days. 500 per month. Durable and easy. Unfortunately offer available only in the branch.


Health Grade Components

FDIC Certificate #32232
Year Established1984
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD3.92%
Annual Interest Income$47.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.50B$3.40B
LoansQ2 2022vs Q2 2021$1.74B$2.31B
DepositsQ2 2022vs Q2 2021$2.03B$2.64B
Equity CapitalQ2 2022vs Q2 2021$376.7MM$374.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$51.8MM$70.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$52.4MM$89.7MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Sterling Bank and Trust, FSB are currently being reviewed.



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