Lido Advisors Acquires Sterling Bancorp Subsidiary Quantum Capital Management’s Wealth Management Business

Lido Advisors, LLC, (www.lidoadvisors.com) - a full-service, independent, registered investment advisory firm - today announced the acquisition of the wealth management business of Quantum Capital Management (QCM), a wholly owned subsidiary of Sterling Bancorp, Inc. (NASDAQ: SBT). The deal, which is scheduled to close before 2021, provides Lido Advisors with a highly experienced team based in San Francisco, a market in which the company has realized great success in the past and expects significant growth in the future.

“As unpredictable as the year has been, we are proud to have continued on a consistent growth trajectory that positions our clients for financial success,” says Lido Advisors’ President Jason Ozur. “By being passionate, smart and nimble, we are able to not only quickly seize exceptional market opportunities but also identify top talent in strategic geographical locations.”

The QCM team of experts includes:

• Howard Aschwald – Chief Investment Officer
• Daniel Young – Chief Compliance Officer
• Xuan Wang – Director of Client Relations
• Peter Coen – Director of Operations and Trading

“Despite the turmoil of 2020, our firm is growing by leaps and bounds,” adds Ozur. “As we move into a new decade, we look forward to bolstering our capabilities and performing for our clients on an elevated new level.”

To learn more, visit: www.lidoadvisors.com

About Lido Advisors, LLC:

Lido Advisors, LLC, is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, and with offices across the U.S. It executes innovative and comprehensive investment and wealth strategies designed to grow, protect, and maximize its clients' legacies. Lido Advisors is focused on creating an elegant, effective, and responsive client experience that exemplifies its commitment to excellence.

About Sterling Bancorp, Inc.

Sterling Bancorp, Inc. is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in San Francisco and Los Angeles, California, New York City and Bellevue, Washington. Sterling offers a range of loan products to the residential and commercial markets, as well as retail and business banking services. Sterling also has an operations center and a branch in Southfield, Michigan. For additional information, please visit the Company’s website at www.sterlingbank.com.

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