Sterling National Bank Appoints Steven Goldberg as Vice President and Managing Director

MONTEBELLO, NY--(Marketwired - January 10, 2017) - Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced today that Steven Goldberg has joined the bank's Public Finance team as Managing Director and Vice President, covering the western portion of the US. Steven will be based in Phoenix, AZ. He will report to Michael Horkey, Senior Managing Director at Sterling.

Goldberg will aid in portfolio management, business development, and client activities. He will be responsible for managing the team's sales and service efforts to deepen existing relationships and grow new ones. He will also support underwriting, portfolio administration and cash management functions, as well as regulatory compliance.

Goldberg has extensive experience in developing complex financing vehicles for non-federal, state and local government agencies. He was most recently the Director of Finance for Honeywell Global Finance, where he was responsible for managing teams to enhance product solutions, present financing options and increase sales. Prior to joining Honeywell, he held positions with Lease Advisory Group, E+ Group and Koch Financial Corporation.

"Steven is a great addition to our commercial banking team," said David Bagatelle, Executive Vice President and President-New York Metro Market at Sterling. "He has a proven ability to deliver success for clients though management of large portfolios, delivering innovative financial solutions and driving new business. His addition further underscores our commitment to bringing the best commercial banking talent to our clients on a national level."

Goldberg graduated from Arizona State University with a bachelor's degree in Sociology.

About Sterling National Bank
Sterling National Bank, the principal subsidiary of Sterling Bancorp, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced 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.

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