STERLING NATIONAL BANK APPOINTS ANDREW CORSI TO SENIOR VICE PRESIDENT, STERLING BANK LEASING

NEW YORK, N.Y.-February 20, 2007 - Sterling National Bank, a subsidiary of Sterling Bancorp (NYSE: STL), today announced the appointment of Andrew R. Corsi to Senior Vice President and Department Manager for Sterling Bank Leasing.

“Andrew's vast financial leasing and lending experience make him a great addition to the Sterling team,” said Howard M. Applebaum, Executive Vice President of Sterling National Bank. “Andrew has long standing relationships with financial brokers in which he will continue to provide customized quality service for them. Those relationships embody Sterling’s 'customer for life' philosophy."

Mr. Corsi will primarily be responsible for extending Sterling's strong growth in equipment leasing. Sterling offers a full suite of services that include: commercial lending, asset based lending, factoring, letters of credit, commercial and residential mortgages, and trust and estate administration.

Prior to joining Sterling, Mr. Corsi was the Chief Credit Officer at ICB (Independence Community Bank) Leasing Corp. He was also employed at Wasco Funding Corp. a subsidiary of EAB.

Mr. Corsi is a member of Equipment Leasing and Finance Association, United Association of Equipment Leasing and Eastern Association of Equipment Lessors.

Sterling Bank Leasing conducts business in the New York metropolitan area and across the United States through direct leasing, indirect financial brokers and third party Lessor programs. It is also a purchaser of bulk portfolios. Sterling specializes in small and medium-sized leasing transactions.

About Sterling Bancorp
Sterling Bancorp (NYSE: STL) is a financial holding company with assets of $1.9 billion, offering a broad array of banking and financial services products. Its principal banking subsidiary is Sterling National Bank, founded in 1929. Sterling provides a wide range of products and services, including business and consumer loans, commercial and residential mortgage lending and brokerage, asset-based financing, factoring and accounts receivable management, trade financing, equipment leasing, corporate and consumer deposit services, trust and estate administration, and investment management services. The Company has operations in New York, New Jersey, Virginia and North Carolina and conducts business throughout the U.S.

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