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BRANFORD SAVINGS BANK RAISES $6.8 MILLION IN RIGHTS OFFERING

 BRANFORD SAVINGS BANK RAISES $6.8 MILLION IN RIGHTS OFFERING
 BRANFORD, Conn., March 23 /PRNewswire/ -- Branford Savings Bank (NASDAQ: BSBC) announced today the receipt of subscriptions totalling $6.8 million for its rights offering. All funds are on deposit in a designated escrow account. Upon receipt of the required regulatory approvals, the closing of the transaction is expected in early April, recapitalizing the bank.
 Branford Savings Bank is an FDIC insured, state chartered savings bank founded in 1889. The bank's stock is traded in NASDAQ under the symbol BSBC and can be found in the list entitled NASDAQ Weekly Bid and Ask Quotations. Five offices are located in Branford (2), North Branford and East Haven (2).
 -0- 3/23/92
 /CONTACT: Gregory R. Shook, senior vice president and secretary of Branford Savings Bank, 203-481-3471/
 (BSBC) CO: Branford Savings Bank ST: Connecticut IN: FIN SU: OFR


SM-OS -- NY065 -- 0735 03/23/92 16:16 EST
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Publication:PR Newswire
Date:Mar 23, 1992
Words:154
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