Sterling National Bank Names Jeff Bonner Managing Director and Vice President, Residential Mortgage Warehouse Lending

MONTEBELLO, NY --(Marketwired - October 31, 2016) - Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced today that Jeff Bonner has joined the bank's Residential Mortgage Warehouse Lending Department as Managing Director and Vice President reporting to Patricia Robins, Senior Managing Director and Senior Vice President. In this role, Bonner will be responsible for business development and managing account relationships

Bonner has deep experience in specialized lending, especially mortgage warehousing and residential loans. He was most recently Vice President and Relationship Manager at Santander Bank, where he maintained and expanded relationships for the residential mortgage warehouse lending division. Prior to joining Santander, he was an Account Executive at JPMorgan Chase, where he managed the New England region purchasing residential loans from financial institutions. Bonner has also held account executive and sales positions at New York Community Bancorp, DataQuick, and OneWest Bank.

"We are excited to welcome Jeff to our team," said Tom Geisel, President of Specialty Finance. "His addition reflects Sterling's strong belief in relationship banking and a solid commitment to growing our residential mortgage warehouse lending business. We will draw on Jeff's expertise to enhance our lending capabilities and continue to offer best-in-class service to help our clients succeed."

Bonner obtained his master's degree in urban and environmental policy and planning from Tufts University and his bachelor's degree in English and sociology from Boston College.

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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