0001420506-24-002400.txt : 20241113 0001420506-24-002400.hdr.sgml : 20241113 20241113142235 ACCESSION NUMBER: 0001420506-24-002400 CONFORMED SUBMISSION TYPE: SCHEDULE 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20241113 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sterling Bancorp, Inc. CENTRAL INDEX KEY: 0001680379 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] ORGANIZATION NAME: 02 Finance IRS NUMBER: 382424834 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90860 FILM NUMBER: 241453184 BUSINESS ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 BUSINESS PHONE: 248-351-3495 MAIL ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FJ Capital Management LLC CENTRAL INDEX KEY: 0001599170 ORGANIZATION NAME: IRS NUMBER: 261588525 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G/A BUSINESS ADDRESS: STREET 1: 7901 JONES BRANCH DR. STREET 2: SUITE 210 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: (703) 875-8378 MAIL ADDRESS: STREET 1: 7901 JONES BRANCH DR. STREET 2: SUITE 210 CITY: MCLEAN STATE: VA ZIP: 22102 SCHEDULE 13G/A 1 primary_doc.xml SCHEDULE 13G/A 0001171520-21-000074 0001599170 XXXXXXXX LIVE 2 Common Stock 09/30/2024 0001680379 Sterling Bancorp, Inc (SBT) 85917W102 One Towne Square, Suite 1900 Southfiled MI 48076 Rule 13d-1(c) FJ Capital Management LLC a DE 0 4288735 0 3798307 4288735 N 8.20 IA Relating to items 6 and 9 of this page: Consists of 3,365,774 shares of common stock of the Issuer held by Financial Opportunity Fund LLC and 145,479 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which FJ Capital Management LLC is the sub-investment advisor, and 287,054 shares of common stock of the Issuer held by managed accounts that FJ Capital Management LLC manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership. Relating to item 8 of this page: Consists of 3,365,774 shares of common stock of the Issuer held by Financial Opportunity Fund LLC and 145,479 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 287,054 shares of common stock of the Issuer held by managed accounts that FJ Capital Management LLC manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership. Financial Opportunity Fund LLC a DE 0 3365774 0 3365774 3365774 N 6.43 OO Relating to items 6, 8 and 9 of this page: Consists of 3,365,774 shares of common stock of the Issuer held by Financial Opportunity Fund LLC. Financial Opportunity Long/Short Fund LLC a DE 0 145479 0 145479 145479 N 0.28 OO Relating to items 6, 8 and 9 of this page: Consists of 145,479 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC. Martin Friedman a X1 0 4288735 0 3798307 4288735 N 8.20 IN Relating to items 6 and 9 of this page: Consists of 3,365,774 shares of common stock of the Issuer held by Financial Opportunity Fund LLC and 145,479 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which FJ Capital Management LLC is the sub-investment advisor, and 287,054 shares of common stock of the Issuer held by managed accounts that FJ Capital Management LLC manages. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership. Relating to item 8 of this page: Consists of 3,365,774 shares of common stock of the Issuer held by Financial Opportunity Fund LLC and 145,479 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 287,054 shares of common stock of the Issuer held by managed accounts that FJ Capital Management LLC manages. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership. Bridge Equities XIV, LLC a DE 0 490428 0 490428 490428 N 0.94 OO Relating to items 6, 8 and 9 of this page: Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV LLC. SunBridge Manager, LLC a DE 0 490428 0 490428 490428 N 0.94 OO Relating to items 6, 8 and 9 of this page: Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC of which SunBridge Manager, LLC is the Managing Member; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares. SunBridge Holdings, LLC a DE 0 490428 0 490428 490428 N 0.94 OO Relating to items 6, 8 and 9 of this page: Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV, LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership. White Oak Legacy, Inc a MD 0 490428 0 490428 490428 N 0.94 OO Relating to items 6, 8 and 9 of this page: Consists of 490,428 shares of common stock of the Issuer held by Bridge Equities XIV of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC. White Oak Legacy, Inc., is the Manager of SunBridge Holdings, LLC; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership. Sterling Bancorp, Inc (SBT) One Towne Square, Suite 1900, Southfiled, MI 48076 FJ Capital Management LLC Financial Opportunity Fund LLC Financial Opportunity Long/Short Fund LLC Bridge Equities XIV, LLC Martin Friedman SunBridge Manager, LLC SunBridge Holdings, LLC White Oak Legacy, Inc FJ Capital Management, LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Financial Opportunity Fund LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Financial Opportunity Long/Short Fund LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Martin Friedman 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Bridge Equities XIV, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 SunBridge Manager, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 SunBridge Holdings, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 White Oak Legacy, Inc 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, Bridge Equities XIV, LLC, and FJ Capital Management LLC, SunBridge Manager, LLC, SunBridge Holdings, LLC - Delaware limited liability companies Martin Friedman - United States citizen White Oak Legacy, Inc - Maryland corporation Y FJ Capital Management LLC - 4,288,735 shares Financial Opportunity Fund LLC - 3,365,774 shares Financial Opportunity Long/Short Fund LLC - 145,479 shares Martin Friedman - 4,288,735 shares Bridge Equities XIV, LLC - 490,428 shares SunBridge Manager, LLC - 490,428 shares SunBridge Holdings, LLC - 490,428 shares White Oak Legacy, Inc - 490,428 shares FJ Capital Management LLC - 8.20% Financial Opportunity Fund LLC - 6.43% Financial Opportunity Long/Short Fund LLC - 0.28% Martin Friedman - 8.20% Bridge Equities XIV, LLC - 0.94% SunBridge Manager, LLC - 0.94% SunBridge Holdings, LLC - 0.94% White Oak Legacy, Inc - 0.94% 0 FJ Capital Management LLC - 4,288,735 shares Financial Opportunity Fund LLC - 3,365,774 shares Financial Opportunity Long/Short Fund LLC - 145,479 shares Martin Friedman - 4,288,735 shares Bridge Equities XIV, LLC - 490,428 shares SunBridge Manager, LLC - 490,428 shares SunBridge Holdings, LLC - 490,428 shares White Oak Legacy, Inc - 490,428 shares 0 FJ Capital Management LLC - 3,798,307 shares Financial Opportunity Fund LLC - 3,365,774 shares Financial Opportunity Long/Short Fund LLC - 145,479 shares Martin Friedman - 3,798,307 shares Bridge Equities XIV, LLC - 490,428 shares SunBridge Manager, LLC - 490,428 shares SunBridge Holdings, LLC - 490,428 shares White Oak Legacy, Inc - 490,428 shares Y N Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. FJ Capital Management LLC Martin Friedman 10/25/2024 Financial Opportunity Fund LLC FJ Capital Management LLC 10/25/2024 Martin Friedman 10/25/2024 Financial Opportunity Long/Short Fund LLC FJ Capital Management LLC 10/25/2024 Martin Friedman 10/25/2024 Martin Friedman Martin Friedman 10/25/2024 Bridge Equities XIV, LLC SunBridge Manager, LLC 11/07/2024 David J. Korotkin 11/07/2024 SunBridge Manager, LLC SunBridge Holdings, LLC 11/07/2024 David J. Korotkin 11/07/2024 SunBridge Holdings, LLC White Oak Legacy, Inc. 11/07/2024 David J. Korotkin 11/07/2024 White Oak Legacy, Inc David J. Korotkin 11/07/2024