MONTEBELLO, N.Y., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL) (the "Company"), the parent holding company of Sterling National Bank, announced today the closing of its underwritten public offering of $275,000,000 aggregate principal amount of its 4.00% fixed-to-floating rate subordinated notes due 2029 (the "Notes"). Sandler O'Neill + Partners, L.P., Keefe, Bruyette & Woods, Inc., A Stifel Company, and U.S. Bancorp Investments, Inc. acted as joint book-running managers for the offering. The Company expects to use the net proceeds of this offering for general corporate purposes, including the repayment of certain outstanding indebtedness. About Sterling Bancorp Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves through teams of dedicated and experienced relationship managers.