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STERLING NATIONAL BANK APPOINTS JAMES B. BARLOW AS SENIOR CONSULTANT

 STERLING NATIONAL BANK APPOINTS JAMES B. BARLOW AS SENIOR CONSULTANT
 NEW YORK, Oct. 5 /PRNewswire/ -- John C. Millman, president of Sterling National Bank & Trust Company of New York, announced today that the bank has appointed James B. Barlow senior consultant for middle market lending and business development. In announcing the appointment, president Millman stated "Mr. Barlow has over 20 years' experience with major United States and foreign lending institutions, specializing in corporate and financial institution lending. We believe he can be a significant factor in achieving our goal of increasing market share in these lending areas."
 Mr. Barlow graduated from St. Anselm's College, New Hampshire and is a member of the American Banker's Association Financial Institutions Division Committee. He resides in Sea Girt, New Jersey, with his wife, Maryalice, and their two sons.
 Sterling National Bank & Trust Company of New York is a full service bank with its principal office at 540 Madison Avenue, New York City and other branches in Manhattan and Queens, New York. The bank is a subsidiary of Sterling Bancorp, whose common shares and debentures are traded on The New York Stock Exchange. The bank is a member bank of the Federal Reserve System with its deposits insured by the Federal Deposit Insurance Corporation.
 STERLING NATIONAL BANK & TRUST COMPANY OF NEW YORK
 Principal Subsidiary of Sterling Bancorp
 Sterling National Bank has a Fortress Balance Sheet and is among the safest, soundest and strongest banks in the country. It continues to maintain excellent asset quality, a high level of liquid assets and a strong capital position.
 -- Primary Capital (Shareholders' Equity and Loan Los Reserve); $65.8 million.
 -- Total Risk Based Capital Ratio: 27.75 percent, almost four times regulatory minimum requirement of 7.25 percent.
 -- Tier 1 Capital: 26.25 percent of total risk-weighted assets; current regulatory minimum is 3.63 percent.
 -- Shareholders' equity to total assets: 13.70 percent
 -- Return on average assets: 1.05 percent
 -- Liquid Assets (cash, deposits with banks, U.S. Treasuries and Federal Funds Sold); 32.20 percent of total deposits.
 -- Non-performing loans are 1.00 percent of total assets.
 -- No loans to developing countries (LDCs).
 -- No highly leveraged transactions (HLTs).
 -- No brokered deposits.
 -0- 10/5/92
 /CONTACT: Louis J. Cappelli, chairman or John C. Millman, president of Sterling National Bank & Trust Company of New York, 212-826-8000/
 (STL) CO: Sterling Bancorp ST: New York IN: FIN SU: PER


LD-KW -- NY099 -- 6770 10/05/92 17:00 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
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