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Sterling National Bank Receives “Satisfactory” CRA Rating from Office of the Comptroller of the Currency

May 30, 2017

Sterling Bancorp (NYSE:STL), the parent company of Sterling National Bank, today announced that on May 25th, the Office of the Comptroller of the Currency (the “OCC”) issued to the bank a Community Reinvestment Act Performance Evaluation for the review period from January 1, 2014 to January 21, 2017 in which the OCC reaffirmed the bank’s Satisfactory CRA rating.

The OCC also specifically noted that the bank has fully resolved the CRA data issues previously referenced by the OCC in December 2016 in a confidential supervisory letter, which was inadvertently publicly released by the Federal Reserve on May 12, 2017.

Read the full press release on our Investor Relations website.

Learn more about the commitments and goals Sterling National Bank has set to support our communities in our Community Reinvestment Act Plan.