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Sterling Bancorp files automatic mixed shelf

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Sterling Bancorp files automatic mixed shelf

Sterling Bancorp on March 7 filed an automatic shelf registration statement for the sale of an unspecified amount of various securities that may be offered and sold from time to time by the company and/or by one or more selling security holders to be identified in the future.

The filing covers debt securities, common and preferred stock, depositary shares, warrants, purchase contracts and units.

The Montebello, N.Y.-based company plans to use the net proceeds for general corporate purposes, which may include debt repayment, capital expenditures, possible acquisitions and investments.