Davis Polk & Wardwell LLP advised Deutsche Bank Securities Inc. in connection with an SEC-registered offering by the U.S. Department of the Treasury of 2.6 million warrants to purchase common stock of Sterling Bancshares, Inc. The warrants are traded through the Nasdaq Global Select Market under the symbol “SBIBW.”

Sterling Bancshares, Inc. is a Houston-based bank holding company with total assets of $5 billion, which operates 58 banking centers in the greater metropolitan areas of Houston, San Antonio, Dallas and Fort Worth, Texas.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Sam I. Valverde and Gregory C. Scott and summer associate Mark J. DiFiore. Partner Luigi L. De Ghenghi provided bank regulatory advice. The tax team included partner Michael Mollerus and associate Ethan R. Goldman. The environmental team included counsel Betty Moy Huber and associate Ona Oshen. Amarilys Katy Barbosa was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.