Zeldes & Haeggquist, LLP Announces Investigation of Sterling Bancorp. Acquisition by Provident New York Bancorp

  Zeldes & Haeggquist, LLP Announces Investigation of Sterling Bancorp.
  Acquisition by Provident New York Bancorp

Business Wire

SAN DIEGO -- April 10, 2013

Zeldes & Haeggquist, LLP, a shareholder and consumer rights litigation firm,
has commenced an investigation into possible legal claims against the Board of
Directors of Sterling Bancorp (“Sterling”) (NYSE: STL), regarding possible
breaches of fiduciary duties and other violations of law related to Sterling’s
entry into an agreement to be acquired by Provident New York Bancorp
(“Provident”) (NYSE: PBNY) in a transaction valued at approximately $344
million.

Sterling is a bank and financial holding company. Sterling and its
subsidiaries provide banking and related financial services and products to
customers primarily in New York, New Jersey, and Connecticut, but also
conducts business throughout the United States.

Zeldes & Haeggquist’s investigation concerns whether Sterling’s Board of
Directors failed to adequately shop Sterling to obtain the best possible value
for Sterling’s shareholders before entering into an agreement with Provident.
Under the terms of the proposal, public shareholders of Sterling will receive
about $11.12 per Sterling share.

If you own Sterling common stock and purchased your shares before April 4,
2013, and would like additional information regarding this investigation, or
if you have information regarding the matters under investigation, please
contact attorney Aaron M. Olsen or Amber L. Eck at 619-342-8000, or by email
at aarono@zhlaw.com or ambere@zhlaw.com.

Zeldes & Haeggquist is a full-service law firm which brings major class
actions nationwide on behalf of defrauded investors and consumers and handles
a variety of complex business litigation matters. Please visit www.zhlaw.com
for more information.

Contact:

Zeldes & Haeggquist, LLP
Aaron M. Olsen, aarono@zhlaw.com
Amber L. Eck, ambere@zhlaw.com
619-342-8000
 
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