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e‑Treasury

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Business Online Banking

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Sterling National Bank* Provides $1,000,000 Recourse Factoring Facility

June 9, 2021

Sterling National Bank’s Commercial Services Group provided a recourse factoring facility totaling $1,000,000 to a Northeast based importer of precious and semi-precious stones.

The factoring facility will be used to provide working capital for the company’s anticipated future growth.

*now known as Webster Bank as successor by merger.

Northeast Based Importer

Recourse Factoring Facility
$1,000,000

Provided by:

Sterling National Bank

Sterling National Bank* Provides $1,000,000 Recourse Factoring Facility

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