Market Overview

Sterling Bancorp Declares Cash Dividend on Common Stock

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Sterling Bancorp, Inc. (NASDAQ:SBT), the holding company of Sterling
Bank and Trust, F.S.B., announced the approval of a cash dividend by its
Board of Directors. The Board of Directors declared a cash dividend of
$.01 per common share, payable August 31, 2018 to shareholders of record
at August 25, 2018.

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 www.sterlingbank.com.

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