Sterling Bancorp Inc., the thrift holding company for Sterling Bank and Trust in Southfield, announced that Karen Knott has been promoted to the role of CFO of the company and the bank.
Knott previously held the position of senior vice president and controller and is replacing Stephen Huber, who stepped down from his roles at the company to pursue other interests. Her promotion is subject to the receipt of regulatory non-objection from the Office of the Comptroller of Currency.
“We are indeed fortunate to have Karen step into the role as our chief financial officer. During her tenure with Sterling, Karen has always played a critical role in the execution of our strategies,” says Thomas M. O’Brien, chairman, president, and CEO of the bank.
“She is an accomplished financial executive and well respected within the company. Steve Huber leaves with our appreciation for his many years of service to Sterling and we all wish him the very best of luck as he pursues future opportunities.”
Knott has more than 20 years of experience in financial operations and accounting roles with financial institutions and has been with the bank in various roles since 1998. She received her bachelor’s degree in business administration from Grand Valley State University in Allendale Charter Township.