Sterling Bank announces plans to enter the Northwest Arkansas market with a loan production office opening at 1607 North College Avenue in Fayetteville on June 1. Headquartered in Poplar Bluff, Missouri, Sterling Bank has two locations in St. Louis, numerous locations throughout Southeast Missouri, a location in the Chicago suburb of St. Charles, Illinois, and is set to open its newest location on The Plaza in Kansas City, Missouri, this spring.
Sterling’s plans for Northwest Arkansas include opening full-service locations in Fayetteville, Bentonville and Rogers.
Arkansas native Johnathon Welch of Fayetteville will oversee the market expansion.
Scott E. Spencer, president & CEO, remarked, “Sterling Bank is eager to enter the Northwest Arkansas market and offer customers a high-quality experience in the delivery of our banking products and services. We are excited to welcome Johnathon Welch who brings prior experience as a commissioned bank examiner with the Arkansas State Bank Department. Johnathon will provide valuable leadership in the NWA market.”
“I am proud to be a part of Sterling’s expansion into Arkansas,” added Welch, “and I look forward to working with commercial and small business enterprises, as well as families in the area.”
Sterling Bank, with an emphasis on personalized service, offers a full array of consumer and business banking products and services competitive with national banks. Sterling Bank also specializes in lending services for the affordable housing industry. To date, Sterling Bank has financed 391 affordable housing projects in 28 states providing $1,976,228,517 in construction financing.
Sterling Bank’s professional staff has established a tradition of state-of-the-art banking expertise in all phases of commercial and community banking and is known for being an outstanding community partner that provides generous support to numerous area causes.
Visit Sterling Bank’s website to learn more: www.sterbank.com.