Seven of the directors will be from Provident New York and six will be from Sterling.
Some economists fear that sterling will have a rough ride in the currency markets.
Sterling will reside in the software group under WebSphere, IBM's on-demand business software.
In fact, it has assumed that sterling will fall by 6.3% (in trade-weighted terms) in the next two years.
Currency speculators are also betting that sterling will fall, data shows.
The fall in sterling will also blunt deflationary pressures that might otherwise exacerbate the credit crisis, since when prices start falling the burden of debt rises in real terms.
For starters, the lack of a decent recovery means that the Bank of England may have to loosen monetary policy even further this year, meaning that the market interest rate that foreigners can earn holding sterling will stay very low.
Provident New York shareholders will own about 53 percent of the combined company after closing, while Sterling shareholders will own approximately 47 percent.
This year, the gallery will present the UK premier of a new performance piece by artist Linder Sterling, which will include collaborations with Northern Ballet, British fashion designer Pam Hogg, and musician Stuart McCallum.
Sterling Bancorp stockholders will receive 1.2625 shares of Provident New York Bancorp stock for each share of Sterling that they own.
"Adopting the Sterling name will enable us to extend our brand to a broader regional market, " Provident New York President and CEO Jack Kopnisky said in a statement on Thursday.
If traders think Britain will go in, then sterling should head gradually towards the rate at which markets expect it to be tied to the euro, and vary more against the dollar.
The economy's recovery will depend crucially on net trade, spurred by the big drop in sterling over the past two years, which will give an edge to domestic producers both in export markets and at home.
Sooner or later, however, sterling's strength will bite, as surveys of exporters' expectations have been predicting for months.
The inflationary impact of sterling's slide will be countered by the collapse in commodity prices and the contraction in economic activity.
ECONOMIST: The pound��s plunge is hurting, but pain is part of the remedy
The woman on a train will most likely be reading Harry Potter while the man will be reading a biography of Sterling Moss.
Items will be made of 14k gold or sterling silver with gemstones.
As the downturn squeezes ad spending further, Sterling says that stingy companies will continue to give an added boost to search marketing, a category where Google receives around 71% of all spending, according to ad-tracking firm eMarketer.
"The dilemma for Google now is how it will continue to grow, " says Greg Sterling.
The government will have to agree a conversion rate for sterling and the euro with other member countries.
By virtue of its size and authority, every new online offering it creates will make big ripples in Web traffic, Sterling adds.
If you are resident in the UK, and you have substantial liabilities and outgoings in sterling, a bit of inflation will help you service what you owe at the same time as eroding the real value of your assets (or in this case, the real value of your loans to Her Majesty's Government).
In this article for Wired Magazine Bruce Sterling suggests that RFID-tagged items will take on new properties.
If you do pay in pounds, the merchant will charge you to convert the local currency into sterling and then charge you again to convert back to the local currency.
The new sterling bank notes on which "Danske" will replace the word "Northern", will be phased in next year.
The longer sterling stays at around its recent levels, the stronger will be the euro-zone countries' demands that the pound join their monetary union at 75 pence, say, rather than 70 pence to the euro.
Wilpon also pledges that the money from the new outside investor will go directly into the Mets, rather than be shared with other Sterling ventures.
You could argue that if Scotland's still using sterling, which the SNP wants to do, surely it will still have interest rates set by the Bank of England's monetary policy committee?
Given the plunge in the value of the pound after it was revealed that Sir Mervyn favoured more QE, this session will be scrutinised closely, and could have real-time effects on sterling.
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