The Board of Directors has adopted the Sterling Bancorp Dividend Reinvestment Plan (“DRIP”), which will permit shareholders to invest future dividends in shares of Sterling Bancorp common stock without incurring any service charges and without the payment of brokerage commissions. Shareholders are entitled to enroll in the DRIP. For further information, please contact our DRIP plan administrator, Computershare, at (800) 368-5948, or online at www.computershare.com.