Sterling National Bank* Provides $750,000 of Secured Credit Facilities to Memories Apparel

Sterling National Bank’s Commercial Services Group provided senior secured credit facilities totaling $750,000 to Memories Apparel, Inc. The credit facilities will be used to provide working capital for the company’s anticipated future growth.

Formed in November 2020 and based in Miami, FL, Memories Apparel is an importer and manufacturer of screen printed, tie dyed and embroidered t-shirts, sweatshirts, shorts and beach wear for children and juniors. The Company utilizes beach shop chain retailers, boutiques and specialty shops located in the Caribbean and along the east coast of the United States for the distribution and sale of their products to the public.

*now known as Webster Bank as successor by merger.