David Barnes Joins Sterling National Bank’s Residential Mortgage Warehouse Lending Team

Will support servicing and growth of warehouse lending portfolio

MONTEBELLO, N.Y., Oct. 30, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank (NYSE:STL) today announced that David Barnes has joined the bank as Vice President and Managing Director of Residential Mortgage Warehouse Lending. Barnes will report to Patricia Robins, SVP and Senior Managing Director, Residential Mortgage Warehouse Lending.

Barnes will be based in the San Francisco Bay area and will be responsible for expanding Sterling National Bank’s warehouse lending business to independent mortgage companies in the Western United States. Barnes was most recently a relationship manager at First Guaranty Mortgage Corporation, where he generated residential mortgage warehouse lines and managed client relationships. Barnes formerly worked at other leading organizations across the financial services sector including Gateway Bank, Wachovia, and Community One Financial.

“David is an outstanding addition to our growing team. His experience in the warehouse lending sector will allow us to continue to build on our increasing market share in this business,” said Tom Geisel, Sterling’s Executive Vice President and President for Specialty Finance & National Markets.

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