Elvis Grgurovic Joins Sterling National Bank's Commercial Banking Team

MONTEBELLO, N.Y., Aug. 14, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank STL today announced that it has named Elvis Grgurovic as Vice President and Managing Director of Commercial Banking. Grgurovic, who will be based in Sterling's White Plains office and report to Senior Managing Director Joe Giamartino, will lead the team's sales and services efforts.

Elvis Grgurovic, Vice President and Managing Director of Commercial Banking

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"The addition of Elvis reflects our commitment to maintaining our leadership in commercial middle market banking," said Lynn Bagliebter, Westchester Market President at Sterling. "His years of expertise will be invaluable in supporting the needs of longstanding clients and in shaping new relationships."

Grgurovic was most recently a Director at Credit Agricole Corporate and Investment Bank, where he acted as a liaison to the bank's international client network in the United States. Prior experience included business development and corporate finance roles in Leveraged Finance and Financial Sponsor teams. He also previously covered middle market commercial clients at Chase Manhattan Bank and began his career at Fidelity Investments.

Grgurovic received his Master of Business Administration from the Johnson Graduate School of Management at Cornell University, and holds a Bachelor of Science in Finance from St. John's University.

About Sterling National Bank
Sterling Bancorp, of which the principal subsidiary is Sterling National Bank, specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.  For more information, visit www.snb.com.

Forward-Looking Statements
This release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may concern Sterling's current expectations about its future results, plans, operations and prospects and are subject to numerous assumptions, risks and uncertainties, including inflation; the effects of, and changes in, trade; changes in asset quality and credit risk; introduction, withdrawal, success and timing of business initiatives; capital management activities; customer disintermediation; and the success of Sterling at managing these risks. Other factors that could cause Sterling's actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of Sterling's securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and Sterling specifically disclaims any obligation to update these statements in the future.

STERLING NATIONAL BANK:

Linda Dunbar
First VP, Director of Corporate Communications
845.369.8085