UPDATE – Daniel Topple and Oleg Karaman to Co-Le

MONTEBELLO, N.Y., April 17, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL ), announced today that Daniel Topple and Oleg Karaman have joined its Commercial Banking Team as Senior Managing Directors and Team Leaders. They will be based at Sterling’s Manhattan office and will report to David S. Bagatelle, President – New York Metro Markets.

Topple and Karaman will deliver to their clients highly customized financial solutions that include a wide range of financing options, depository services, and advanced cash management tools and capabilities. Together, they will drive the team’s growth and profitability through new business development and by building deep, long-term client relationships.

Topple brings a wealth of experience in business development and client management. He was most recently Vice President and Associate Group Director for Signature Bank, where he developed and managed a client base consisting primarily of non-profit organizations, media, and technology firms. Prior to his role with Signature Bank, he held positions with HSBC Bank, Merrill Lynch, and Bank of America.

Karaman has extensive knowledge in relationship management and providing a full range of financial services to municipalities, states and private companies. He was most recently a Relationship Manager for Signature Bank, where he oversaw all aspects of EB-5 Escrow financing. Prior to Signature Bank, he held positions with Santander, Independence Community Bank and Washington Mutual Bank.

“Daniel and Oleg have a superior track record in providing best-in-class banking solutions to valued clients. We are excited to welcome them to the Sterling family, drawing on their years of experience and dedication to building lasting relationships,” said David Bagatelle, Executive Vice President and President-New York Metro Market at Sterling. “The addition of Daniel and Oleg reflects our objective to build a skilled management team, supporting the bank’s growth and success.”

Topple received his Bachelor’s in Marketing from Hofstra University and Karaman received his Bachelor’s in Finance and Investments from Baruch College.

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