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Maya Vovchuk to Lead Sterling National Bank’s Expanding Cash Management Team

MONTEBELLO, New York, April 17, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE:STL), announced today that Maya Vovchuk has joined the bank as SVP and Head of Cash Management. Vovchuk will report to Vinny DeLucia, EVP and President of New York Regional and New Jersey Markets.

Maya Vovchuk to Lead Sterling National Bank’s Expanding Cash Management Team


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/13ab33e2-93fb-4ef0-894d-b46ca838faa7

As part of Sterling’s continued growth and business diversification, the company is expanding its Cash Management team. In support of this primary strategic initiative, Vovchuk will lead a team of 18 professionals focusing on business development, relationship management, and client retention across Sterling’s growing cash management business. She will also be responsible for market development and client delivery, in addition to ensuring that Sterling maintains its market-leading cash management capabilities.

Vovchuk has a proven track record of success in the New York metro banking market, as well as broad national and international experience. Prior to joining Sterling, she was SVP and Head of GFI Referral Services at Wells Fargo Bank, where she managed a team of nine relationship managers, sales, support and service staff in New York and San Francisco. Before Wells Fargo, she was SVP and Head of Global Transaction Services & Alliance Management Services at Global Correspondent Banking International, where she managed and recruited relationship and project managers in New York, San Francisco, and Minneapolis. She has also held leadership positions at Wachovia Bank, Bank of Tokyo–Mitsubishi, Commerzbank AG and Primerica Financial Services.

“We are very excited that Maya will lead our expanding Cash Management team,” said DeLucia. “We are seeing accelerated demand for cash management solutions that can help clients streamline operations and grow their businesses. As we expand our team, Maya brings keen business and financial acumen and a global perspective that will help us deliver superior cash management strategies.”

Vovchuk graduated from Ramapo College of New Jersey with a bachelor’s degree in Psychology and a minor in International Business.

About Sterling National Bank

Sterling Bancorp, of which the principal subsidiary is Sterling National Bank, specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated 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, Director of Corporate Communications 845.369.8085

Source:Sterling National Bank