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COMMUNITY BANKERS ASSOCIATION OF NEW YORK STATE RELEASES STATEMENT ON BANKING SYSTEM

 COMMUNITY BANKERS ASSOCIATION OF NEW YORK STATE
 RELEASES STATEMENT ON BANKING SYSTEM
 NEW YORK, Oct. 21 /PRNewswire/ -- The Community Bankers Association of New York State (CBANYS) released figures detailing the strength, safety and soundness of its industry in New York.
 The numbers demonstrate that the industry is "strong, well capitalized and profitable," according to CBANYS President Robert O. Lehrman, who noted that the banks average capital exceeds six percent and that 90 percent of them were profitable as of the second quarter of the year.
 CBANYS represents an industry of 138 savings and banking institutions in New York State, with total assets of about $145 billion and employing 35,000 people at nearly 1,400 locations statewide.
 -0- 10/21/92
 /CONTACT: Steve Rice of Community Bankers Association of New York State, 518-434-3555/ CO: Community Bankers Association of New York State ST: New York IN: FIN SU:


TM-SM -- NY112 -- 3104 10/21/92 16:38 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
Words:156
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