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CAYUGA SAVINGS BANK RATED EXCELLENT

 AUBURN, N.Y., Nov. 10 /PRNewswire/ -- IDC Financial Publishing, Inc. has rated Cayuga Savings Bank as "Excellent" in its latest Financial Quarterly publication.
 Founded in 1985, IDC, located in Hartland, Wis., is a firm specializing in evaluating financial institutions based on information contained in periodic reports filed with the federal government. More than 28,000 institutions nationwide are evaluated using over 35 key financial ratios.
 Factors such as Capital adequacy, Asset quality, Margins, Earning returns and Leverage/liquidity make up the CAMEL analysis through which a one-number summary rank of quality is calculated. Quality ranks fall into six groups: Superior, Excellent, Average, Below Average, Lowest Ratios and Rank of One.
 Commenting on the strong ranking for the local bank, Joseph P. Ganey, chairman, stated, "We are very pleased that our customers, management and staff have enabled Cayuga Savings to earn this high rating. Our continued focus on local lending, both in the consumer and business sectors, has helped us to maintain good asset quality. This concentration on community investment and remaining close to our customer allows us to play a positive role in the economic vitality of Cayuga County."
 Cayuga Savings is a unit bank of Iroquois Bancorp, Inc. (NASDAQ: IROQ) which also includes The Homestead Savings (FA) of Utica, N.Y.
 -0- 11/10/93
 /CONTACT: Joseph P. Ganey, chairman & CEO, of Cayuga Savings Bank, 315-252-9521/
 (IROQ)


CO: Cayuga Savings Bank ST: New York IN: FIN SU: RTG

KL-TJ -- CL014 -- 2871 11/10/93 15:23 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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