SOURCE: Sterling National Bank

Sterling National Bank

October 08, 2015 10:00 ET

Sterling National Bank Establishes Syndication Banking Team

NEW YORK, NY--(Marketwired - October 08, 2015) - Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced today it has hired Jim Gelwicks as Senior Managing Director and Yan Cheng as Senior Vice President to lead its newly formed Syndication Banking team. The team will focus on arranging and syndicating bank loans for commercial banking and specialty lending clients in its targeted markets.

"We're excited to continue building our syndication competency led by two seasoned professionals who have decades of success leading sell-side syndication transactions," said Thomas Geisel, Sterling's President of Specialty Finance. "This capability allows us to maintain the lead relationship position with our clients as they grow, while still managing our overall portfolio and risk."

Prior to joining Sterling, Jim Gelwicks was an executive with Healthcare Finance Group, LLC, most recently serving as Head of Capital Markets, where he was responsible for arranging and managing all syndicated transactions. He previously co-headed the syndication efforts for the structured finance group at Daiwa Securities America and has also held key syndication positions at Bank of America Capital & Leasing and Prudential Capital Corporation.

Yan Cheng also has an extensive background in capital markets and syndicated finance. He joins Sterling from Healthcare Finance Group, LLC, where he was Senior Vice President-Capital Markets since 2008 and helped establish the firm's successful syndication platform. He earlier served in leadership roles at Daiwa Securities America and Barclays Capital.

"The addition of a Syndication Banking team underscores Sterling's strategic growth and our commitment to providing our clients with deep industry expertise across a broad range of services," said Jim Peoples, Sterling's Chief Banking Officer. "We will continue to deliver the utmost in personalized service to support the needs of middle market businesses."

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.

Contact Information

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    845.369.8341