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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
STERLING BANCORP
..............................................................................
(Name of Issuer)
Common Shares, $1 par value
..............................................................................
(Title of Class of Securities)
859158107
..............................................................................
(CUSIP Number)
December 31, 1999
..............................................................................
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The remainder of this cover shall be filled out for a reporting person's initial
filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter the disclosures
provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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<TABLE>
<S> <C> <C>
CUSIP NO. 859158 10 7
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1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
STERLING NATIONAL BANK, f/k/a STERLING NATIONAL BANK & TRUST COMPANY OF NEW YORK
I.R.S. Identification No. 13-1345915
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2) Check the Appropriate box if a Member of a Group* (a) [ ]
(b) [X]
*Sterling National Bank, f/k/a Sterling National Bank & Trust Company of New York and Lawrence Newman
are co-executors of the Last Will and Testament of Theodore H. Silbert dated June 12, 1991 and
the Codicil thereto dated March 27, 1992 and the trustees of the Trusts created thereunder.
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3) SEC Use Only
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4) Citizenship or Place of Organization: NEW YORK
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(5) Sole Voting Power 360,409
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Number of Shares (6) Shared Voting Power 158,163
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Beneficially Owned by (7) Sole Dispositive Power 360,409
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Each Reporting Person With (8) Shared Dispositive Power 158,163
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 518,572
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
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11) Percent of Class Represented by Amount in Row 9 5.95
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12) Type of Reporting Person BK
</TABLE>
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SCHEDULE 13-G
Item 1 (a) Name of Issuer:
Sterling Bancorp,
a New York Corporation
(b) Address of Issuer's Principal Executive Offices:
430 Park Avenue
New York, New York 10022-3505
Item 2 (a) Name of Person Filing:
Sterling National Bank
(b) Address of Principal Business Office:
430 Park Avenue
New York, New York 10022-3505
(c) Citizenship:
New York
(d) CUSIP Number: 85158107
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [X] Bank as defined in section 3 (a) (6) of the Act
(c) [ ] Insurance Company as defined in section 3 (a) (19) of the
Act
(d) [ ] Investment company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Section 240.13d-1 (b)
(ii) (F)
(g) [ ] Parent Holding Company, in accordance with Section
240-13d-1 (b) (ii) (G) (note: See Item 7)
(h) [ ] Group, in accordance with Section 240-13d-1 (b) 1) (ii) (H)
Item 4. Ownership
See cover page, Items 5, 6, 7, 8, 9 and 11, the responses to which
are incorporated herein by reference.
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Item 5. Ownership of Five Percent or More of a Class
Sterling National Bank, formerly known as Sterling National Bank &
Trust Company of New York, and Lawrence Newman, as co-executors of
the Last Will and Testament of Theodore H. Silbert dated June 12,
1991 and the Codicil thereto dated May 27, 1992 (together, the
"Silbert Will") acquired 404,398 Common Shares, $1 par value, of
Sterling Bancorp (the "Common Shares") in their capacity as
co-executors under the Silbert Will. The Silbert Will provides for
the creation of separate trusts for six persons named therein. On
or about February 28, 1997, the Common Shares were distributed
equally among the six trusts. Sterling National Bank and Lawrence
Newman are co-trustees of each trust. The beneficiaries of each
trust and the number of Common Shares currently owned by each trust
are:
Elyssa Silbert 26,880
Benjamin Silbert 26,880
Theodore Silbert II 26,880
Michael Silbert 25,227
Scott Silbert 26,751
Laurie Dunning 25,545
The balance of shares reported herein as beneficially owned are
owned by Sterling National Bank in its capacity as trustee of the
Sterling Bancorp/Sterling National Bank & Trust Company of New York
Employees Retirement Plan, the Sterling Bancorp/Sterling National
Bank & Trust Company of New York 401(k) Sterling Bancorp Stock
Fund, and the Sterling Bancorp/Sterling National Bank & Trust
Company of New York Profit Sharing Plan.
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
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Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purposes
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 3, 2000
STERLING NATIONAL BANK
By: /s/ Lesley E. Goldberg
-----------------------------------
Lesley E. Goldberg
Deputy General Counsel and
Corporate Secretary
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