Sterling Bancorp Announces Strategic Investment in Goalsetter

PEARL RIVER, N.Y., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) today announced it has made a strategic investment in Goalsetter, an innovative mobile banking company aimed at promoting financial literacy and empowerment amongst K-12 students. According to studies compiled by the U.S. Financial Literacy and Education Commission, only one third of adults can answer at least four of five financial literacy questions on fundamental concepts such as mortgages, interest rates, inflation and risk. Goalsetter proactively addresses these knowledge gaps through educational resources, budgeting tips, and planning tools that promote financial literacy and learning, while augmenting the experience with an FDIC insured deposit product and online and in-store spending through its Cashola™ debit card.

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