The Treasury Department’s Office of the Comptroller of the Currency (“OCC”) has taken action against the former General Counsel of Michigan-based Sterling Bank and Trust in the agency’s ...

The $2.4 billion-asset Sterling, which shuttered its tarnished Advantage Loan Program at the onset of this decade amid legal and regulatory probes that included its compliance with Bank Secrecy Act ...

A sale of the bank has become a likely outcome after its decision to plead guilty to securities fraud and pay $27 million in restitution. The problem: Bank M&A has all but come to a halt.