Market Overview

Sterling Bancorp Announces the Opening of a New Branch in Bellevue, Washington


Sterling Bancorp, Inc. (NASDAQ:SBT) ("Sterling" or the "Company"), the
holding company of Sterling Bank and Trust, F.S.B., today announced that
it has expanded its presence in the Washington market with a new branch
in Bellevue at 1100 Bellevue Way NE, Bellevue, Washington (Phone number:
(425) 278-6950). This full-service branch
will provide residential and commercial loans, and retail and business
banking services, including wealth management.

"With the addition of this new branch, we are pleased to now have a
presence in the strong growth Bellevue, Washington market where we can
introduce Sterling's suite of financial solutions to the residents and
business owners of this vibrant community," said Michael Montemayor,
President of Commercial and Retail Banking, Sterling Bank & Trust
F.S.B., "We are very excited about the growth opportunity in the
Washington market, and the establishment of this new branch reflects
Sterling's commitment to providing highly personalized service to our
customers where they live and work."

With the opening of the Bellevue, Washington branch, Sterling now has 29
branches across California, New York, Washington, and Michigan.

About Sterling Bancorp, Inc.

Sterling Bancorp, Inc. is a unitary thrift holding company. Its wholly
owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch
operations in San Francisco and Los Angeles, California, New York City
and Bellevue, Washington. Sterling offers a broad range of loan products
to the residential and commercial markets, as well as retail and
business banking services. Sterling also has an operations center and a
branch in Southfield, Michigan. Sterling was named as the top performing
community bank in the United States with total assets between $1 billion
and $10 billion in 2017 by SNL/S&P Global Market Intelligence. For
additional information, please visit the Company's website at

Forward-Looking Statements

Readers should note that in addition to the historical information
contained herein, this press release includes "forward-looking
statements," within the meeting of the federal securities laws
including, without limitation, statements concerning plans, estimates,
calculations, forecasts and projections with respect to the anticipated
future performance of the Company. Readers should note that the
forward-looking statements included in this press release are not a
guarantee of future events, and that actual events may differ materially
from those made in or suggested by the forward-looking statements.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as "will," "propose," "may," "plan,"
"seek," "expect," "intend," "estimate," "anticipate," "believe" or
"continue," or similar terminology. Any forward-looking statements
presented herein are made only as of the date of this press release, and
we do not undertake any obligation to update or revise any
forward-looking statements to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise.

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