John Tietjen | Edward Nebb |
| Chief Financial Officer | Investor Relations |
| Sterling Bancorp | Comm-Counsellors, LLC |
| john.tietjen@sterlingbancorp.com | enebb@optonline.net |
| 212.757.8035 | 203.972.8350 |
STERLING BANCORP COMMENTS THAT IT IS NOT RELATED TO
STERLING FINANCIAL CORP. OR STERLING SAVINGS BANK
New York, NY, October 16, 2009 – Sterling Bancorp (NYSE: STL) said today that it is in no way related to either Sterling Financial Corp. of Spokane, Washington (Nasdaq: STSA) or its Sterling Savings Bank subsidiary, nor to any other publicly traded company having Sterling in its name. Sterling Bancorp, the parent company of New York City-based Sterling National Bank, issued this clarification following a release yesterday by Sterling Financial Corp.
About Sterling Bancorp
Sterling Bancorp (NYSE: STL) is a New York-based banking and financial services company with assets of $2.1 billion. Established in 1929, the Company’s principal banking subsidiary, Sterling National Bank, has successfully served the needs of businesses, professionals and individuals in the NY metropolitan area and beyond. Now in its 80th year, Sterling is well known for its focus on business customers, an extensive and diverse product portfolio and a high-touch, hands-on approach to customer service.
Sterling offers working capital lines, asset-based financing, factoring, accounts receivable financing and management, payroll funding and processing, equipment leasing and financing, commercial and residential mortgages, import trade financing, a wide array of depository products and cash management services, trust and estate administration and custodial account services.
Certain statements in this press release, including but not limited to, statements as to future liquidity, future interest rate risk and operating expenses, statements concerning future results of operations, financial position or dividends, plans and objectives for future operations, and other statements regarding matters that are not historical facts, are "forward-looking statements" as defined in the Securities Exchange Act of 1934. These statements are not historical facts but instead are subject to numerous assumptions, risks and uncertainties, and represent only the Company’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside its control. Any forward-looking statements the Company may make speak only as of the date on which such statements are made. The Company’s actual results and financial position may differ materially from the anticipated results and financial condition indicated in or implied by these forward-looking statements. For a discussion of some of the risks and important factors
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that could affect the Company’s future results and financial condition, see “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements and Factors that Could Affect Future Results” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008.
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