Sterling Bancorp Declares quarterly Dividend of $0.07 Per Share

MONTEBELLO, N.Y., April 24, 2018 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable May 21, 2018 to holders of record as of May 7, 2018.

About Sterling Bancorp

Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve 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 the Sterling Bancorp website at www.sterlingbancorp.com.

STERLING BANCORP CONTACT:Luis Massiani, SEVP & Chief Financial Officer845.369.8040

Sterling Bancorp400 Rella BoulevardMontebello, NY 10901-4243

T 845.369.8040F 845.369.8255

http://www.sterlingbancorp.com

Source: Sterling Bancorp

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