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Public Offering

February 4, 2015

Sterling Bancorp, the parent company of Sterling National Bank, today announced that it is offering approximately 6.0 million shares of the Company’s common stock in a registered public offering. Sterling also expects to grant the underwriters a 30-day option to purchase up to an additional 0.9 million shares. The Company plans to use the net proceeds from the offering for general corporate purposes including financing of possible acquisitions of specialty commercial lending and related businesses.