MONTEBELLO, N.Y., June 29, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank (NYSE:STL) today announced that it has named Donna Lillie, VP and Managing Director of Municipal Banking. In making the appointment, Vincent DeLucia, President of Community Development Banking cited Sterling National Bank’s continued focus on the growth of its municipal banking business, in particular on Long Island where the bank continues to expand as a top regional bank in the Greater New York Metro market. She will report to Harold Peterson, Senior Vice President and Senior Managing Director of Municipal Banking.
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Lillie will be responsible for growing Sterling’s Municipal Banking activities on Long Island through the acquisition of new client relationships and the expansion of existing business. Sterling will continue to deepen its reach in the Greater New York City metropolitan region by leveraging the Municipal Banking Team’s deep expertise in delivering depository and treasury management solutions to municipalities and not-for-profit clients.
In her new role, Lillie will leverage her 33 years of experience in the financial services sector to profitably grow Sterling’s Municipal Banking business. Lille is an accomplished banking executive, with a proven track record in sales leadership and customer growth. She was most recently a first vice president for People’s United Bank, where she focused on growing deposit and lending relationships. Prior to her role with People’s United Bank, she served as vice president of retail banking at Bank of Smithtown. Throughout her career, she has held several leadership positions with additional banking organizations.
“We are excited to welcome someone with Donna’s deep industry knowledge to our growing Municipal Banking team,” said Vinny DeLucia, President of Community Development Banking. “She is a highly motivated leader who brings to the team great interpersonal skills and the ability to cultivate strong relationships. We will lean on Donna to deliver successful financing strategies for not-for-profits and municipal organizations, driving impactful results.”
Lillie received her Masters of Business Administration from St John’s University, and holds a Bachelor of Science degree from Adelphi University.
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 www.snb.com.
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.