SterlingSouth Allies With Medalist Cap

SterlingSouth Bank & Trust Co., Greensboro, N.C., has announced the formation of an alliance with Medalist Capital Inc., a regional commercial mortgage banking firm headquartered in Charlotte, N.C., to provide nonrecourse commercial mortgage products to the bank's clients and shareholders.Medalist Capital is on a pace to originate more than $500 million in commercial mortgages this year, SterlingSouth said. "This alliance is a natural extension of our strategy to differentiate ourselves from ordinary financial institutions by providing distinctive , highly individualized products and services through alliances with 'best-in-practice' Firms in their particular fields," said Ralph Strayhorn, president and chief executive officer of SterlingSouth. The bank can be found on the Web at http://www.sterlingsouth.com.