Sterling branches out.Sterling National Bank, the principal banking subsidiary of financial holding company Sterling Bancorp, announced the official opening of a full service branch located at 42 Broadway in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . Sterling celebrated the opening with a ribbon cutting ceremony A ribbon cutting ceremony is a public ceremony conducted to inaugurate the opening to the general public of a new building or business. Often, it is conducted in just the manner the name suggests: by tying a ceremonial ribbon across the main entrance of the building, which that was attended by Manhattan Borough President Borough President (informally BP, or Beep in slang) is an elective office in each of the five boroughs of New York City. The offices of borough president were created in 1898 with the formation of the City of Greater New York. C. Virginia Fields C. Virginia Fields is the former Borough President of Manhattan, elected in 1997 and reelected in 2001. Her term expired in January 2006. C. (Clara) Virginia Fields was born in Birmingham, Alabama circa 1946 and received her B.A. along with, Chairman Louis J. Cappelli, President John C. Millman and other senior staff. "Sterling is excited to open our latest office at 42 Broadway expanding our presence into lower Manhattan," commented Louis J. Cappelli. Added Empire State Development Chairman Charles A. Gargano, "It is great news that Sterling National Bank has established a branch in Lower Manhattan, making a commitment and investment to help revitalize re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. the area," "As businesses small and large continue to grow and expand downtown, Sterling will be a strong partner in serving their financial needs. For the past three and a half years, we have worked together with the city to retain and bring new jobs to downtown as part of our responsibility to restore and rebuild the community. Together with partners like Sterling we are building the future." |
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