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Sterling Bancshares Inc. (SBIB) is in the Financial Services Industry

Revenue
Dec 31 2007
$324.4M
Profit
Dec 31 2007
$52.9M
Market Cap
Oct 06 2008
$777.1M

Latest News and Analysis

Additional Resources

  • BellwetherReport.com Analyst Opinions on PXD, IPI, SBIB and FNFG

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

    Articles 2008-09-22

  • Sterling Bancshares Declares Quarterly Dividend

    HOUSTON, July 31 /PRNewswire-FirstCall/ -- Sterling Bancshares, Inc. , announced that its Board of Directors declared a quarterly cash dividend of $0.055 per share of common stock at the meeting held on July 28, 2008. The dividend is payable August 22, 2008 to shareholders of record on August...

    Articles 2008-07-31

  • Universal Technical Institute Appoints Eugene S. Putnam, Jr. to Executive Vice President and Chief Financial Officer

    PHOENIX, July 28 /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. , a provider of technical education training, today announced the appointment of Eugene S. Putnam, Jr. to Executive Vice President and Chief Financial Officer. Mr. Putnam has been UTI's interim CFO since February 2008 through a Professional Services Agreement with...

    Articles 2008-07-29

  • Sterling Bancshares, Inc. to Present at Keefe, Bruyette, & Woods Community Bank Conference

    HOUSTON, July 23 /PRNewswire-FirstCall/ -- Sterling Bancshares, Inc. will make a presentation at the KBW Community Bank Conference in New York on Wednesday, July 30, 2008 at 3:30 p.m. Eastern Time. J. Downey Bridgwater, Chairman, President and Chief Executive Officer, and Zach L. Wasson, Executive Vice President and...

    Articles 2008-07-23

  • Boston, MA -- Form4Oracle: Insider Trading Report: Sterling Bancshares Inc (SBIB).

    M2 PRESSWIRE-10 March 2008-Form 4 Oracle: Boston, MA -- Form4Oracle: Insider Trading Report: Sterling Bancshares Inc SBIBC1994-2008 M2 COMMUNICATIONS LTD RDATE:08032008 Wells Max, Vice Chairman at Sterling Bancshares Inc SBIB has reported buying $43.75K today.Over the last four weeks...

    Articles 2008-03-10

  • Sterling Bank completes acquisition of Dallas and Fort Worth branches

    Sterling Bank, a subsidiary of Sterling Bancshares Inc., completed the previously announced acquisition of 10 bank branches in the Dallas and Fort Worth areas from First Horizon National Corp. Sterling also acquired land from FHN for possible future Sterling Bank branches in Lewisville, Arlington and Fort Worth. In aggregate, the...

    Articles 2008-03-01

  • Sterling Bank Completes Acquisition of Dallas and Fort Worth Bank Branches.

    M2 PRESSWIRE-12 February 2008-InvestorInstantMessaging: Sterling Bank Completes Acquisition of Dallas and Fort Worth Bank BranchesC1994-2008 M2 COMMUNICATIONS LTD RDATE:12022008 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world...

    Articles 2008-02-12

  • Fitch Revises Outlook on Sterling Bancshares, Inc. to Positive; IDRs Affirmed at 'BBB-/F3'

    NEW YORK -- Fitch Ratings revises the Rating Outlook for Sterling Bancshares, Inc. (Nasdaq:SBIB) and its banking subsidiary Sterling Bank to Positive from Stable. Fitch has also affirmed the long- and short-term Issuer Default Ratings IDRs for both companies at 'BBB-/F3'. A full list of ratings appears below. ...

    Articles 2008-02-01

  • Paint Me Popular Focusing on NexCan Brands Inc., Corinthian Colleges Inc., and Sterling Bancshares Inc.

    Comments made in this release arethose of Maybach Financial Group and any questions or comments should bedirected to the contact information located at the bottom of this release. Maybach Financial Group is a syndicate of investment researchers compilingresearch from major analysts and fund managers. Our focus is to giveinvestors the...

    Articles 2008-01-31

  • Sterling Bank to Consolidate Central Departments to Thomas Properties' Brookhollow Central Office Campus

    HOUSTON -- Thomas Properties Group, Inc. (Nasdaq: TPGI) has signed Sterling Bank to a 20-year lease for 211,343 square feet at the Brookhollow Central office campus. Sterling Bank is a subsidiary of Sterling Bancshares, Inc. (Nasdaq: SBIB) with $4.4 billion in assets and 49 locations across Texas. The three-building Brookhollow...

    Articles 2008-01-18

  • The price is right, but who will buy? Depressed share prices and market stress affect potential buyers and sellers. Look for a foreign invasion.(M&A OUTLOOK)

    [ILLUSTRATION OMITTED] Kevin Rollins, former CEO of Dell, once asked what criteria determined the success of any merger. The answer, he claimed, was that it would have to be that the companies are stronger financially, that they took market share,...

    Articles 2008-01-01

  • Fresh Ink

    1. First Defiance Financial Corp. will acquire Pavilion Bancorp in a cash-and-stock deal worth for $55.7 million. Pavilion's unit, Bank of Lenawee, has eight banks in southeastern Michigan with a total of $290 million in assets and $230 million in deposits. Buffalo, NY-based M&T Bank said it would acquire First...

    Articles 2007-12-01

  • Sterling Bank to acquire 10 branches in the Metroplex

    Sterling Bancshares Inc. announced that it has entered into a definitive agreement to purchase from First Horizon National Corp. 10 existing bank branches located in the Dallas/ Fort Worth area. In addition to these 10 bank branches, Sterling agreed to acquire land from FHN for possible future Sterling bank branches...

    Articles 2007-11-01

  • Sepragen Announces Addition of George Martinez to Board of Directors

    HAYWARD, Calif. -- Sepragen Corporation (OTCBB:SPGNA.PK), a provider of patented technology and equipment for purification needs in the biotech and nutraceutical industries, today announced the addition of George Martinez to the Board of Directors to fill a vacancy caused by the untimely demise of Dr. Armin Ramel....

    Articles 2007-03-14

  • Sterling Bancshares to acquire Partners Bank of Texas

    Sterling Bancshares Inc. announced that it has entered into a definitive agreement to acquire Partners Bank of Texas. Partners Bank of Texas is a privately held bank that operates four banking offices in the Houston area. As of Dec. 31, 2006, Partners Bank had assets of approximately $186 million, loans...

    Articles 2007-03-01

  • Fitch Affirms Sterling Bancshares, Inc. & Sterling Bank; Outlook Stable

    NEW YORK -- Fitch affirms the long-term Issuer Default Rating IDR for Sterling Bancshares SBIB and its subsidiary Sterling Bank Texas at 'BBB-' and the companies' short-term ratings at 'F3'. The ratings for Sterling Bancshares Capital Trust II and III were also affirmed. The Rating Outlook remains Stable. (See full...

    Articles 2006-11-20

  • Sterling Bancshares completes merger with Bank of the Hills

    Sterling Bancshares Inc. announced that it completed its previously announced merger with Kerrvillebased BOTH Inc., the parent company of Bank of the Hills. The acquired five bank locations will continue to conduct business under the name of Bank of the Hills. As of June 30, Bank of the Hills had...

    Articles 2006-11-01

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  • Incorporated: 1980
  • CEO: Mr. J. Downey Bridgwater
  • Employees: 1,042

Sterling Bancshares is a bank holding company that provides commercial and retail banking to small- to mid-sized businesses and consumers, mainly in the Houston, Dallas and San Antonio metropolitan areas through its full service banking centers. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. Co. also facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2007, Co. had total assets of $4.54 billion and total deposits of $3.67 billion.

Key Competitors

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Sterling Bancshares Inc. Company Info

Board of Directors

Mr. J. Downey Bridgwater

Chairman

Mr. G. Edward Powell

Mr. Raimundo E. Riojas

Mr. Roland X. Rodriguez

Mr. Dan C. Tutcher

Mr. Max W. Wells

Mr. David L. Hatcher

Lead Director

Mr. Edward R. Bardgett

Dr. Bernard A. Harris Jr., M.D

Mr. Bruce J. Harper

Mr. Glenn H. Johnson

Mr. R. Bruce Laboon

Mr. George Beatty Jr.

Ms. Anat Bird

Contact Information

2550 North Loop West

Suite 600

Houston, TX

http://www.banksterling.com

713 466-8300

NAICS Code

Commercial Banking: 522110
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