Approval of Application by Provident New York Bancorp, Inc., Montebello, New York

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Press Release

Approval of Application by Provident New York Bancorp, Inc., Montebello, New York

September 24, 2013

NEW YORK—The Federal Reserve Bank of New York approved the application by Provident New York Bancorp, Inc., Montebello, New York (Provident), to become a bank holding company upon the acquisition and merger of Sterling Bancorp, New York, New York, with and into Provident, and thereby indirectly acquiring its subsidiary bank, Sterling National Bank, New York, New York.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.

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