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Sterling Factors Corporation Appoints John La Lota Senior Vice President.

NEW YORK, Feb. 1 /PRNewswire/ -- Sterling Bancorp (NYSE: STL), today announced the appointment of John P. La Lota, as Senior Vice President, Sterling Factors Corporation, a subsidiary of Sterling Bancorp. Mr. La Lota brings to Sterling more than 18 years experience in credit and financial management services.

Mr. La Lota's responsibilities at Sterling will involve portfolio management, including credit and sales analysis. Also, he will oversee the underwriting process and coordinate new business development. Mr. La Lota will report directly to Stanley Officina, President, Sterling Factors Corporation.

Commenting on Mr. La Lota's appointment, Mr. Officina stated, "Sterling Factors Corporation prides itself on its experienced team of professionals, who excel in the business of receivable management services. John has demonstrated his understanding of this industry, and his ability to manage receivables as well as the business and production demands of clients. We welcome him to Sterling."

John La Lota lives in East Northport, Long Island, New York with his wife, Karen and two sons, Joseph and Nicholas.

Sterling Bancorp is a banking and financial service company with assets of over $1.2 billion. Its principal banking subsidiary is Sterling National Bank, founded in 1929. Sterling provides a full range of products and services, including commercial and consumer lending, asset-based financing, accounts receivable management, international trade financing, commercial and residential mortgage lending, equipment leasing, trust and estate administration and investment management services. Sterling has operations in the metropolitan New York and Washington, DC areas, as well as Virginia and other mid-Atlantic territories and conducts business throughout the U.S. More information is available on the company's Website, http://www.sterlingbancorp.com.
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Publication:PR Newswire
Date:Feb 1, 2000
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