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STERLING BANCSHARES CORPORATION ANNOUNCES REGISTRATION OF ITS DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN

        STERLING BANCSHARES CORPORATION ANNOUNCES REGISTRATION
         OF ITS DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN
    WALTHAM, Mass., Nov. 21 /PRNewswire/ -- Sterling Bancshares Corporation (NASDAQ: STLG), the holding company of Sterling Bank, today announced its registration with the Securities and Exchange Commission of 250,000 shares of its Common Stock, 10 cents par value, pursuant to the Sterling Bancshares Corporation Dividend Reinvestment and Stock Purchase Plan.  Any shareholder of record of the company may participate in the Plan in accordance with its terms and conditions.  Amounts received by the company pursuant to the Plan will be used for general corporate purposes.  The Plan becomes effective with the company's next cash dividend, which is expected to be paid on or about the 15th day of February, 1992.
    For more information about the Plan, interested parties should obtain a copy of the Plan's prospectus by sending their request to the Dividend Reinvestment Agent, The First National Bank of Boston, Dividend Reinvestment Unit, Mail Stop 45-01-06, Post Office Box 1681, Boston, MA 02105-1681, 617-575-2900 or Karen Wharton, vice president of Investor Relations, Sterling Bank, One Moody St., Waltham, MA. 02154.
    -0-                      11/21/91
    /CONTACT:  Karen Wharton of Sterling Bancshares, 617-894-7790/
    (STLG) CO:  Sterling Bancshares ST:  Massachusetts IN:  FIN SU: KM-DD -- NE010 -- 6009 11/21/91 15:18 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 21, 1991
Words:213
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