Sterling Bancorp (NYSE:STL) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Sterling Bancorp (NYSE:STL) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

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Item 5.03Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.

On January 24, 2017, the Board of Directors (the Board) of
Sterling Bancorp (the Company), a Delaware corporation, amended
and restated the Companys Bylaws, effective immediately. The
changes to the Companys Bylaws, which do not require stockholder
approval, generally have the effect of modernizing and clarifying
the Bylaws, to do the following:

In ARTICLE II, Section 1 (Board of DirectorsGeneral Powers,
Number and Term of Office), remove the default of 13
directors if the Board has not designated a number of
directors that shall constitute the whole Board;
Delete outdated language in ARTICLE II, Section 10 of the
Bylaws related to the Companys merger with Provident New York
Bancorp and dealing with post-merger director composition,
the effectiveness of which expired on October 31, 2016;
Replace the deleted language in ARTICLE II, Section 10 with
language to establish a mandatory retirement age of 75 for
Board members (the Age Limitation), effective immediately;
and
Other conforming revisions and administrative clarifications.

The description above of the amendments to the Companys Bylaws
does not purport to be complete, and is qualified in its entirety
by reference to the full text of the Bylaws, as amended, set
forth in Exhibit 3.1 to this Form 8-K and incorporated in this
Item by reference.

Item9.01Financial Statements and Exhibits

(d) Exhibits
3.1 Amended and Restated Bylaws


About Sterling Bancorp (NYSE:STL)

Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island, and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey. Its deposit products include non-interest bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits.

Sterling Bancorp (NYSE:STL) Recent Trading Information

Sterling Bancorp (NYSE:STL) closed its last trading session up +0.40 at 24.30 with 1,183,468 shares trading hands.

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