Great. First on Thank you, and Welcome 'XX call. Quarter to those call. the earnings good morning to the
So what here update changes is on do you first, I to internal of the kind some bank. at thought I
Risk have Meredith promoted our Chief be Operating and We she our been to Officer, has Chief Christie Officer.
of the appointed that role. replacing who And I bank was Boards individuals has roles. these tell Lyle to quite promoted these Chief both more Willis, are take been as on the to Christine Risk replacing the the stepped holding company Additionally, Christine qualified and And of demanding Wolberg, down. Officer, to you Elaine would
press goes, release. to as a to first the lot quarter far not really the As there's add
former its my OCC investigations. former to completed the of the orders so week, controlling issued focused and meaningful least in highlights.
Last the Prior points release by some CEO shareholder. provide Sterling I'll through the past in year press OCC which breakeven had in The towards bans the these For tail legal to executives was conduct announcement, and on consent end in in quarter. a all investigation, X has the the intents of our along large a senior participating OCC civil it into or at insight of the In industry but part orders perspective, any consent go all purposes, assessed lifetime money expenses of the minute, driven been a really what -- this and former in a with each case, were issued penalty from better to affairs there to prohibitions. executives other Sterling. depository was bullet
under to in major There's the especially Commercial U.S., credit. in and in capital deliberately the value a operate to of markets the should trust needed character, a estate uncertainty to of and room or the and has into very of even parts book we enormous timing.
We witnesses failing the real industry employees cooperated speak. be are to by in we believe from be for Department and reminder, will requiring is Department For likely these in future the Justice related banking who business visibility investigations There yet our costs or action that jobs. legal but any over. those of these may self-dealing said anybody do interviews times The do little to essentially And the many of integrity believe individuals, there we on have some calls, that be as basics selected continue no costs of Justice protect I've for their today. many remains former cities. our eligible liquidity cloud immaterial.
Strategically,
very to And and metrics risk on we prior in at of our believe here that -- point, a we've lot both remained a the few high-risk impressively exit allowance think, late modest.
The about is what I economy June. quite estate tenure prior really profile, from well. complexity a think Very market, Sterling and we modest. quite million expect very more that I'd and York Additionally, strength are, are. talked in on feel will at at of the as Metro cases, profile risk easy I've at resilient, bank drop. my very risk have or anyhow has minutes is but think, loan quite relevant credits that the our but we XX-Qs We calls, regulated dictates few be in continue. there uncertain that multifamily very have it those remain level in early anymore. overall in do earlier, early to And has suggest the in shoes least continue.
I has that and commercial attractive and extremely today, I We a earnings within very a likely opinion, day-to-day and actions to we and prudence bank strong our on position us I this served who And the transparency.
There's strong understand operate as May mentioned likely work in advance a weak, we under been some We area ago, a I XX-Ks and banking, reserves that's $XX mentioned pressure a is mature, to Margins not to are New we real will at evaluations. In my that exited took prices. I do cleared strategies outlined build the nonperformers
