Sterling National Bank Launches Private Wealth Management Services Offer With Ameriprise Financial

MONTEBELLO, NY--(Marketwired - March 23, 2015) - Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced today that it has launched a private wealth services program through a new relationship with Ameriprise Financial, an industry leader in financial planning. The alliance will provide the clients of Sterling's commercial teams with access to investment and financial planning services from a number of Ameriprise Financial's top wealth management teams.

"This new program will allow us to expand the range of financial advisory services and investment options we can provide to our clients," said Jack Kopnisky, President and Chief Executive Officer, Sterling National Bank. "The wealth management expertise that Ameriprise brings to the table is very complementary with existing offerings and the profile of our client base. They also share with us a deep understanding of our market and a commitment to high-touch, personalized service."

"Ameriprise Financial has a strong history of providing exemplary wealth management services to their clients," said David Bagatelle, President of NY Metro Markets and leader of Private Wealth Services at Sterling. "The teams of financial advisors that are part of this program are well known locally and fit perfectly into the fabric of our organization and our team-based delivery model. We are very enthusiastic about this new relationship and the benefits it can bring to our clients."

"We are pleased to be able to share our more than 75 years of combined financial services experience with Sterling's clients," said Louis C. Ciliberti of Louis C. Ciliberti & Associates, a financial advisory practice of Ameriprise Financial Services, Inc. "Much like Sterling, we take a solution-based approach to meeting clients' private wealth needs and fostering long-term, personal relationships."

Access to the services through this new relationship with Ameriprise Financial is available to Sterling clients beginning immediately, and will be delivered through Sterling's distinctive team-based delivery model. 

About Sterling National Bank
Sterling National Bank, the principal subsidiary of Sterling Bancorp, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced 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.

Ameriprise Financial Services, Inc.:
Not FDIC Insured | No Bank Guarantee | May Lose Value.
Sterling National Bank is not a registered broker/dealer and is not affiliated with Ameriprise.