Ryan & Maniskas, LLP Announces Investigation of Sterling Bancorp

       Ryan & Maniskas, LLP Announces Investigation of Sterling Bancorp

PR Newswire

WAYNE, Pa., April 5, 2013

WAYNE, Pa., April 5, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/stl) is investigating potential claims against the
board of directors of Sterling Bancorp ("Sterling" or the "Company") (NYSE:
STL) concerning possible breaches of fiduciary duty and other violations of
law related to the Company's efforts to sell the Company to Provident New York
Bancorp ("Provident") in a stock-for-stock deal valued at approximately $344
million.

Our investigation concerns possible breaches of fiduciary duty and other
violations of law related to the approval of the transaction by the Company's
board of directors; in particular, whether the Company undertook a fair
process to obtain fair consideration for all shareholders of Sterling. For
more information regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/stl.

Under the terms of the proposed transaction, Sterling's stockholders will
receive 1.2625 shares of Provident common stock for each share of Sterling
common stock they own. The consideration to be received by Sterling's
shareholders is valued at $11.12 based on April 3 closing prices.

If you own shares of Sterling Bancorp and would like to learn more about these
claims or if you wish to discuss these matters and have any questions
concerning this announcement or your rights, contact Richard A. Maniskas,
Esquire toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/stl. You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com. For more information about class action cases in
general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
nationwide.

CONTACT: Ryan & Maniskas, LLP
           Richard A. Maniskas, Esquire
           995 Old Eagle School Rd., Suite 311
           Wayne, PA 19087
           877-316-3218
           www.rmclasslaw.com/cases/stl
           rmaniskas@rmclasslaw.com







SOURCE Ryan & Maniskas, LLP

Website: http://www.rmclasslaw.com
 
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