First Sterling was acquired by Regions Bank in October of 2016. Both with decades of affordable housing finance experience, the acquisition brought together a dedicated team of LIHTC experts with the institutional strength of a Fortune 500 financial institution. First Sterling has raised over $2 billion in equity supporting over $4 billion in affordable housing development. Regions Bank has originated over $1.9 billion in equity. The sum of the First Sterling team in Great Neck, NY and the Regions team - located in Atlanta, GA, Birmingham, AL and throughout the Southeast - is greater than their individual parts, bringing an enhanced ability to meet investors’ needs.
