Luis Massiani, CFO and president of Sterling Bancorp, will assume the role of chief operating officer beginning March 1, 2021. Bea Ordonez joined Sterling as executive vice president and will assume the role of CFO on March 1.
Sterling Bancorp, through its principal subsidiary, Sterling National Bank, agreed to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank.
Sterling Bancorp named Christina M. Favilla chief operating officer. Favilla was previously with GE Capital Americas, where she served as COO.