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AMERICAN BANK OF CONNECTICUT REPORTS EARNINGS

 AMERICAN BANK OF CONNECTICUT REPORTS EARNINGS
 WATERBURY, Conn., Jan. 21 /PRNewswire/ -- Gene C. Guilbert,


president of American Bank of Connecticut (AMEX: BKC), announced today that the bank's net income for the fourth quarter of 1991 was $1,018,000. Net income for the same period in 1990 was $1,151,000. Net income per share for the quarter was $.47 compared to $.53 in 1990.
 For the twelve months ended Dec. 31, 1991, net income was $4,224,000 or $1.94 per share, compared to $5,633,000 or $2.59 per share earned during the same period of 1990.
 American Bank of Connecticut is a state chartered savings bank with assets of $351 million headquartered in Waterbury.
 AMERICAN BANK OF CONNECTICUT
 Quarter ended Dec. 31: 1991 1990
 Net income $1,018,000 $1,151,000
 Per share earnings $0.47 $0.53
 Average shares 2,182,600 2,177,000
 Dividends per share $0.33 $0.33
 Year to date Dec. 31: 1991 1990
 Net income $4,224,000 $5,633,000
 Per share earnings $1.94 $2.59
 Average shares 2,180,842 2,175,974
 Dividends per share $1.32 $1.32
 -0- 1/21/92
 /CONTACT: Betty Desiderio of American Bank of Connecticut, 203-757-9401/
 (BKC) CO: American Bank of Connecticut ST: Connecticut IN: FIN SU: ERN


TS-OS -- NY054 -- 1769 01/21/92 11:20 EST
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Date:Jan 21, 1992
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