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Robert Mocerino Joins Sterling National Bank’s Payroll Finance Team

MONTEBELLO, N.Y., April 12, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE:STL), announced today that Robert Mocerino has joined the bank as a Managing Director in the Specialty Finance Division. He will be reporting directly to Adam Dejak, SVP of Sales.

Robert Mocerino


A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0e367772-c0d5-4a3a-89df-2ce2b266cce8

Mocerino will assist Dejak with the management of specialty finance sales and service efforts, both deepening relationships with existing clients and developing new opportunities within payroll finance, factoring and asset based lending.

Mocerino, a Sterling alumnus, has extensive experience in specialty finance, especially within the areas of staffing and government contracting. He was most recently Senior Vice President of Government Contractor Funding & Operations at Prosperity Funding, where he provided accounts receivable financing. Prior to joining Prosperity, Mocerino was First Vice President and Director of Government Contractor Finance at Sterling.

“We are thrilled to have Robert back on our team,” said Thomas Geisel, Executive Vice President - President, Specialty Finance & National Markets. “He is a former entrepreneur who has deep experience and knowledge of clients’ specific needs within the staffing and government contracting communities. His expertise will be a great asset as we continue to expand our business to new clients and new markets.”

Mocerino graduated from Kent State College with a bachelor’s degree and a legal assistant certification from Georgetown University.

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.

STERLING NATIONAL BANK: Linda Dunbar First VP and Director, Corporate Communications 845.369.8085

Source:Sterling National Bank