Sterling Bancorp Declares Cash Dividend of $0.09 per Share

Thu Feb 14, 2013 12:11pm EST

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NEW YORK,  Feb. 14, 2013  /PRNewswire/ -- Sterling Bancorp (NYSE: STL), a
financial holding company headquartered in  New York City  and the parent
company of  Sterling National Bank, today announced that the Company's Board of
Directors has declared a cash dividend of  $0.09  per common share, payable on 
March 31, 2013  to shareholders of record as of  March 15, 2013.  This
declaration extends the Company's history of continuous cash dividends to 269
consecutive quarters or more than 67 years.

About Sterling Bancorp

Sterling Bancorp (NYSE: STL) is a  New York City-based financial corporation
with assets of  $2.7 billion. Since 1929,  Sterling National Bank, the Company's
principal banking subsidiary, has successfully served the needs of businesses,
professionals and individuals in the NY metropolitan area and beyond. Sterling
is well-known for its high-touch, hands-on approach to customer service and a
special focus on serving the business community.

Sterling provides clients with a full range of depository and cash management
services and a broad portfolio of financing solutions-including working capital
lines, accounts receivable and inventory financing, factoring, trade financing,
payroll funding and processing, equipment financing, commercial and residential
mortgages and mortgage warehouse lines of credit.

SOURCE  Sterling Bancorp


John Tietjen, Chief Financial Officer, Sterling Bancorp, +1-212-757-8035,
john.tietjen@sterlingbancorp.com; or Edward Nebb, Investor Relations,
Comm-Counsellors, LLC, +1-203-972-8350, enebb@optonline.net

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