Sterling Bank
Lantana, FL · Owner: Sterling Bancgroup Inc
$355M
total assets, June 30, 2010
$355M
total assets, June 30, 2010
Sterling Bank was a state member bank in Lantana, FL, owned by Sterling Bancgroup Inc. It failed on Jul 23, 2010, and Iberiabank took over its deposits. At its last report it held $355.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2010
This bank failed
- Failed on
- Jul 23, 2010
- Assets
- $355M
- Deposits
- $330M
- Estimated cost
- $41.8M
- Deposits went to
- Iberiabank, Lafayette, LA
Total assets
$355M
-6.4% in a year · -12.7% in a quarter
Deposits
$330M
+4.4% in a year · -11.5% in a quarter
Loans
$225M
-18.9% in a year · -8.5% in a quarter
Profit so far
-$17.1M
Jan 1 to Jun 30, 2010
Capital ratio
-0.82%
-7.21 pts in a year
Return on assets
-8.95%
-6.90 pts in a year
Facts
- Type
- State member bank
- Head office
- 1189 Hypoluxo Road, Lantana, FL, 33462
- County
- Palm Beach
- Holding company
- Sterling Bancgroup Inc
- Established
- May 1, 1987
- Failed
- Jul 23, 2010
- Employees
- 59
- Branches
- 6
- Id
- b32536
Quarter by quarter
June 30, 1987 to June 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Sterling Bank?
$355.0 million in total assets and $329.5 million in deposits as of June 30, 2010, with assets down 6.4% from a year before. Its loans were $224.6 million.
How many branches does Sterling Bank have?
6 branches in Florida as of June 30, 2026.
Is Sterling Bank profitable?
No: it lost $17.1 million from January 1 to June 30, 2010. Its return on assets was -8.95% a year; about 1% is typical.
Who owns Sterling Bank?
Sterling Bank is owned by Sterling Bancgroup Inc, its holding company.
When did Sterling Bank fail?
Jul 23, 2010. Iberiabank of Lafayette, LA took over its deposits. The estimated cost of the failure was $41.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.