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Hudson Valley Bank Acquisition

June 30, 2015

Sterling Bancorp today announced the completion of its previously announced merger with Hudson Valley Holding Corp. The merger combines two strong, successful banks to form an institution with approximately $11.2 billion in assets, $6.9 billion in gross loans and over $8.4 billion in deposits, serving the dynamic metropolitan region comprising New York City, Westchester County, the Hudson Valley, Long Island and New Jersey. The combined company will operate under the Sterling Bancorp name and its principal banking subsidiary will operate under the name Sterling National Bank.