Click here to close now.




















Welcome!

News Feed Item

Sterling National Bank Expands Relationship Teams With Seven New Hires

MONTEBELLO, NY--(Marketwired - June 30, 2014) - Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), today announced seven new additions to its relationship banking teams servicing commercial middle market clients, as part of its ongoing effort to invest in high-growth areas and deliver a broad range of financial products and services to its clients. The new hires -- four in specialty finance and three in commercial banking -- bring to Sterling a diverse range of expertise and a proven track record of success in the Metro New York market.

"We look forward to leveraging the insights of these outstanding individuals as we continue to expand our specialty finance capabilities," said Howard Applebaum, President of Specialty Finance & National Markets. "These additions are part of our strategy to continuously improve our team-based delivery model by onboarding the industry's top talent to better serve our clients' needs."

The additions to Sterling's specialty finance teams are:

  • Bill Bahls, Managing Director. Bill will deliver factoring and asset-based lending service to high-growth and leveraged companies in New Jersey and Pennsylvania, including importers, distributors and manufacturers. He was previously the Mid-Atlantic Regional Manager at Keltic Financial Services, and also served as Vice President, Business Development at Summit Financial Resources, a nationwide provider of alternative working capital financing to small and mid-sized companies.
  • Neil Wolfe, Managing Director. Neil will oversee clients' day-to-day factoring and trade finance borrowing needs. He was previously a Senior Vice President of Business Development at Bibby Financial Services, where he was responsible for developing and managing relationships in the middle market throughout the Northeast.
  • Neal Landerer, Managing Director. Neal will be managing and developing asset-based lending opportunities for clients in various industries. He was previously at Israel Discount Bank of New York for 15 years, where he spent the bulk of his tenure as a Relationship Manager and recently held the title of First Vice President. In that capacity, he managed an asset-based lending portfolio in excess of $200 million.
  • Robert Schepis, Managing Director. Robert will be responsible for monitoring existing loan facilities and introducing new relationships to the bank. He was previously Senior Vice President of Business Banking and Market Credit Officer for Capital One Bank. There he helped drive new business relationships and retain asset quality within business banking.

In addition to the new members of the specialty finance teams, Sterling has added depth to its New York Metro commercial banking team with the following additions:

  • Tej Brahmbhatt, Senior Managing Director. Tej was previously with Bank of America Merrill Lynch, where he helped lead a commercial banking team as a relationship manager in New York City. He has worked across a broad range of industries, with a particular focus on wholesalers, suppliers, and service industries.
  • Michael Oliveros, Senior Managing Director. Michael has more than 17 years of commercial banking experience. He has particular expertise in the areas of commercial lending and treasury management solutions, with a focus on professional service companies and service provider firms. He joins Sterling from Bank of America, where he served as a Senior Client Manager.
  • Carol Browne, Client Service Representative. Carol most recently served as Client Service Representative at Citibank. She also brings more than ten years of experience from BNY Mellon and PNC Bank in similar capacities.

"We are very excited to have this outstanding group join our New York Metro commercial banking team," added David Bagatelle, President of NY Metro Markets. "The range of skills and expertise they bring to the table will help us continue to deliver high-value solutions and outstanding service to our broadening client base across the market."

About Sterling National Bank

Sterling National Bank, the principal subsidiary of Sterling Bancorp, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit www.snb.com.

Forward-Looking Statements

This release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may concern Sterling's current expectations about its future results, plans, operations and prospects and are subject to numerous assumptions, risks and uncertainties, including inflation; the effects of, and changes in, trade; changes in asset quality and credit risk; introduction, withdrawal, success and timing of business initiatives; capital management activities; customer disintermediation; and the success of Sterling at managing these risks. Other factors that could cause Sterling's actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of Sterling's securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and Sterling specifically disclaims any obligation to update these statements in the future.

CONTACT:
Suzanne M. Copeland
Chief Marketing Officer
845.369.8341


400 Rella Boulevard
Montebello, NY 10901
845-369-8040 PHONE
www.snb.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with ...
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. The DevOps approach is a way to increase business agility through collaboration, communication, and integration across different teams in the IT organization. In his session at DevOps Summit, Chris Van Tuin, Chief Technologist for the Western US at Red Hat, will discuss: The acceleration of application delivery for the business with DevOps