Thomas Holt Joins Sterling National Bank’s Commercial Banking Team

Will support sales and growth across the greater New York and New Jersey markets

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| Source: Sterling National Bank

MONTEBELLO, N.Y., April 21, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE:STL), announced today that Thomas Holt has joined its Commercial Banking team as Senior Vice President and Managing Director. Holt will be based at Sterling’s Paramus office and will report to Robert Koar, Senior Managing Director of Commercial Banking.

Holt will apply his deep expertise across a range of industries to expand the bank’s portfolio of client relationships in New Jersey and greater New York area, drive new business opportunities and support client cross-sell activities.

Holt has a long record of accomplishments across the New York, New Jersey and Pennsylvania banking markets. He was most recently Senior Vice President and Public Sector Market Leader for Bank of America, where he oversaw relationship management strategies and focused on increasing credit, cash management and public financing offerings. Prior to joining Bank of America, he held positions at Sun National Bank and Wachovia Bank.

“We are pleased to welcome Thomas to our growing team,” said Vinny DeLucia, Executive Vice President and President of New York Regional and New Jersey Markets. “He brings great commercial banking acumen and a strategic vision that is in line with our client-centric approach and growth strategy. He also has a proven track record of delivering superior service to clients.”

Holt received his Master’s in Business Administration from Monmouth University and his Bachelor of Arts from Rowan 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.

STERLING NATIONAL BANK:

Linda Dunbar
First VP, Director of Corporate Communications 
845.369.8085