UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 10, 2006
Commission File Number: 1-5273-1
Sterling
Bancorp
(Exact name of Registrant as specified in its charter)
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| New York
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13-2565216 |
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| (State of other jurisdiction
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(IRS Employer |
| of incorporation)
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Identification No.) |
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| 650 Fifth Avenue, New York, New York
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10019-6108 |
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| (Address of principal executive offices)
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(Zip Code) |
(212) 757- 3300
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17CFR 240.13e-4(c) |
ITEM
8.01
OTHER EVENTS
As previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31,
2005, the Company resolved certain state tax issues for tax years 1998-2004 and, as a result, will
reduce its existing reserves for state taxes by approximately $1.7 million through the provision
for income taxes for the first quarter of 2006.
In light of the above resolution and based on management’s review of required reserves with outside
professionals, the Company has now determined that it is appropriate also to reduce its existing
reserves for local taxes by approximately $2.0 million in the first quarter of 2006. This
reduction will also be made through the provision for income taxes for that quarter.