YONKERS, NY--(Marketwired - December 22, 2015) - Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced today that Vincent (Vince) Maine has joined the Bank as Senior Managing Director to lead its newly-established Community Development Banking team. The new team expands the Bank's Community Reinvestment Act (CRA) initiative and will be dedicated to offering commercial finance and consumer credit products that advance the goals of development and reinvestment in the communities in which the Bank operates. The team will serve the New York Metro region originating loans for purposes such as affordable housing, community development, home improvement/home equity lines of credit, residential mortgages and small business lending.
Vince brings nearly 20 years of community development and lending experience to Sterling. He previously held senior CRA positions at PNC Bank, Sun National Bank and Key Bank.
"Our new Community Development Banking team will focus on expanding financial solutions for some of the most vital needs of our communities -- such as affordable housing, home and neighborhood improvement, and small business lending," said Michael Bizenov, President of Consumer Banking at Sterling. "We are pleased to welcome Vince to lead the enhancement of our efforts. He brings tremendous community banking expertise and a dedication to revitalizing communities."
"I am excited to be a part of Sterling's commitment to the financial needs of the community. I have always believed that banking institutions can play an important role in investing both financial resources and business expertise to help communities realize their potential and improve their citizens' lives," noted Vince.
The Community Development Banking team will work closely with Sterling's CRA Management Committee and will pursue relationships with community-based organizations to identify opportunities and to provide support for projects and initiatives that meet well-defined community objectives as well as the Bank's credit standards.
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.
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.
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