SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of

  SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into
  Possible Breaches of Fiduciary Duty by the Board of Sterling Bancorp in
  Connection with the Sale of the Company to Provident New York Bancorp

Business Wire

NEW YORK -- April 5, 2013

Levi & Korsinsky is investigating the Board of Directors of Sterling Bancorp
(“Sterling” or the “Company”) (NYSE: STL) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale of the
Company to Provident New York Bancorp (“Provident”) (NYSE: PBNY).

Click here to learn more about the investigation
http://zlk.9nl.com/sterling-bancorp-stl/, or call: 877-363-5972. There is no
cost or obligation to you.

Under the terms of the transaction, Sterling shareholders will receive 1.2625
shares of Provident for each share of Sterling stock they own, representing a
value of approximately $11.12 per Sterling share. The transaction has a total
approximate value of $344 million. The investigation concerns whether the
Sterling Board of Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter into the
transaction, and whether Provident is underpaying for Sterling stock, thus
unlawfully harming Sterling stockholders.

If you own common stock in Sterling and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/sterling-bancorp-stl/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.

Contact:

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com
 
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