STL Sterling Bancorp

Sterling National Bank Expands Community Banking Team to Serve Long Island Municipal Market

Sterling National Bank Expands Community Banking Team to Serve Long Island Municipal Market

The bank continues to grow its presence in strategic markets

MONTEBELLO, N.Y., July 10, 2018 (GLOBE NEWSWIRE) -- Sterling Bancorp and Sterling National Bank (NYSE:STL) today announced key additions to its Community Banking team focusing on the New York metropolitan area. Tammy Leisen joins Sterling’s Community Banking team reporting to EVP, Vincent DeLucia as Senior Managing Director and Senior Vice President. Leisen will lead a new Municipal Banking team targeting the Long Island market. Leisen is a former Senior Vice President of Capital One Bank and has extensive experience managing municipal banking relationships.

Also joining Sterling’s Municipal Banking team on Long Island are Karen Bauer and Caryl Caponi. Bauer will serve as Managing Director and Senior Vice President and Caponi joins as Associate Managing Director and Vice President. Bauer and Caponi also join Sterling from Capital One Bank.

“We are very pleased to welcome such a talented team of new colleagues that bring deep expertise in government banking,” said Tom Geisel, Sterling’s Senior Executive Vice President and President of Corporate Banking. “These bankers have a strong business acumen and broad expertise managing municipal relationships and providing superior client service. The expansion of our Community Banking team is aligned with our growth aspirations, as we continue to increase our Long Island market share.”

About Sterling National Bank

Sterling Bancorp, of which the principal subsidiary is Sterling National Bank, specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.  For more information, visit .

Forward-Looking Statements

This release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may concern Sterling's current expectations about its future results, plans, operations and prospects and are subject to numerous assumptions, risks and uncertainties, including inflation; the effects of, and changes in, trade; changes in asset quality and credit risk; introduction, withdrawal, success and timing of business initiatives; capital management activities; customer disintermediation; and the success of Sterling at managing these risks. Other factors that could cause Sterling's actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of Sterling's securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and Sterling specifically disclaims any obligation to update these statements in the future.

STERLING NATIONAL BANK:

Marissa Weidner

Director Talent, Culture & Communications

914.771.3069

EN
10/07/2018

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