Daily News: January 30, 2012

Sterling National Bank Closes Three Transactions


Sterling National Bank has approved a $750,000 letter of credit facility to a company located in New Jersey that is an importer of men’s apparel, men’s boxer shorts, socks and T-shirts.

Sterling National Bank has also approved a $2 million letter of credit to a company that is an importer of ladies sportswear, consisting of bottoms and outerwear produced under its own label.

In addition, Sterling National Bank has approved a $20 million Warehouse facility to Peoples Home Equity, Inc., an orginiator of real estate mortgages in 16 states and Washington D.C.