Parent of Failed Sterling Bank Files Chapter 7

"Nearly eight months after Lantana-based Sterling Bank failed, its former parent company filed for Chapter 7 bankruptcy to wind down operations.

Sterling Bancgroup made the filing in U.S. Bankruptcy Court in Fort Lauderdale on March 2. It listed $1 million to $10 million in debt and $100,001 to $500,000 in assets. The filing did not break out a list of creditors."

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