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AMERICAN BANK OF CONNECTICUT REPORTS EARNINGS

 AMERICAN BANK OF CONNECTICUT REPORTS EARNINGS
 WATERBURY, Conn., July 6 /PRNewswire/ -- Gene C. Guilbert, president


of American Bank of Connecticut, (AMEX: BKC) announced today that the bank's net income for the second quarter of 1992 was $1,214,000. Net income for the same period in 1991 was $1,061,000. Net income per share for the quarter was $.55 compared to $.49 in 1991.
 For the six months ending June 30, 1992, net income was $2,410,000 or $1.10 per share, compared to $2,171,000 or $1 per share earned during the same period of 1991.
 American Bank of Connecticut is a state chartered savings bank with assets of $456 million, shareholders' equity of $34 million and a period ending book value per share of $15.59. It is headquartered in Waterbury.
 AMERICAN BANK OF CONNECTICUT
 Quarter ended June 30 1992 1991
 Net income $1,214,000 $1,061,000
 Per share earnings 0.55 0.49
 Average shares 2,185,000 2,181,000
 Dividends per share 0.33 0.33
 Year to date: June 30 1992 1991
 Net income $2,410,000 $2,171,000
 Per share earnings 1.10 1.00
 Average shares 2,183,800 2,179,630
 Dividends per share .66 .66
 -0- 7/6/92
 /CONTACT: Betty Veillette of American Bank of Connecticut, 203-757-9401/
 (BKC) CO: American Bank of Connecticut ST: Connecticut IN: FIN SU: ERN


SM-OS -- NY035 -- 6644 07/06/92 12:57 EDT
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Publication:PR Newswire
Date:Jul 6, 1992
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