Bank Workout Groups to Speak At Function Hosted by Long Island Turnaround Management Association.

EDGEWOOD, N.Y.--(BUSINESS WIRE)--October 25, 1999--

On November 9th at the Woodbury Country Club, senior bank officers that specialize in managing a bank's troubled loans and assets from 5 major banks will participate in a panel discussion hosted by the Turnaround Management Association of Long Island.

The event, titled "Inside The Workout Group" and sponsored by Lindenwood Capital Partners, LP and Westerman Shapiro Pollack Draghi & Miller, LLP is intended to shed some light on the inner workings of a very specialized functional area of banking. A buffet dinner will follow the presentation. Participating banks include Chase Manhattan Bank, European American Bank, State Bank Of Long Island, Bank of New York and North Fork Bank.

The Turnaround Management Association is a national organization with over 3500 members. The Long Island chapter, launched earlier this year is made up of consultants, lenders, judges, workout specialists, attorneys, accountants, liquidators, appraisers, investors and others involved with bankruptcy and corporate renewal.