Sterling Bancorp Declares Cash Dividend of $0.09 Per Share

NEW YORK, Nov. 4, 2010 /PRNewswire-FirstCall/ -- 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 December 30, 2010 to shareholders of record as of December 15, 2010.  This declaration extends the Company's history of continuous cash dividends to 260 consecutive quarters over 65 years.

About Sterling Bancorp

Sterling Bancorp (NYSE: STL) is a New York City-based financial corporation with assets exceeding $2 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 offers clients a full range of depository and cash management services plus a broad portfolio of financing solutions – including working capital lines, accounts receivable and inventory financing, factoring, international trade financing, mortgage warehouse lines, payroll funding and processing, equipment leasing and financing, commercial and residential mortgages and trust and custodial account services.

SOURCE Sterling Bancorp

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