 PEARL RIVER, N.Y., Oct. 28, 2020 GLOBE NEWSWIRE -- Sterling Bancorp NYSE: STL the Company, the parent holding company of Sterling National Bank, announced today that it has priced 225 million aggregate principal amount of its 3.875 fixed-to-floating rate subordinated notes due 2030 the Notes. The Notes have an initial fixed interest rate of 3.875 to, but excluding, November 1, 2025, payable semi-annually in arrears, and a 10-year term and were offered to the public at par. From, and including, November 1, 2025, the interest rate on the Notes resets quarterly to a floating rate per annum equal to a benchmark rate, which is expected to be the then-current three-month term SOFR plus 369 basis points, payable quarterly in arrears. 