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Sterling Bank Settles Shareholder Suit Over Lending Program

By Sarah Jarvis ( January 21, 2022, 9:41 PM EST) -- The parent company of Michigan-based Sterling Bank & Trust announced Friday it has reached a deal to settle a derivative suit accusing various current and former directors of nearly sinking the company with a loan program that extended thousands of mortgages to unqualified borrowers and has been the focus of government investigations....

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