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CCNB CORPORATION REPORTS 1991 RESULTS

 CCNB CORPORATION REPORTS 1991 RESULTS
 CAMP HILL, Pa., March 20 /PRNewswire/ -- CCNB Corporation


(NASDAQ: CCNC) today reported a net loss of $6,528,000 or $1.11 per share for the year ended Dec. 31, 1991.
 The net loss resulted primarily from an increased allowance for loan losses.
 As previously announced, during the fourth quarter of 1991 CCNB Corporation recorded an incremental provision for loan losses and certain valuation adjustments with respect to foreclosed properties of approximately $12 million to conform its allowance for loan losses and valuations with PNC Financial Corp's (NYSE: PNC) policies, practices and procedures as required under the definitive merger agreement between CCNB and PNC. CCNB's total provision for loan losses for 1991 was $20,255,000.
 Total assets at Dec. 31, 1991, were $1,196,753,000, compared to $1,273,420,000 for the previous year. Shareholder equity was $88,440,000 on Dec. 31, 1991, compared to $98,395,000 at year-end 1990.
 CCNB Corporation's tier-one capital ratio at year-end 1991 was 9.79 percent, as compared to 9.36 percent for the same period last year. Tier-two capital ratios were 12.17 percent for Dec. 31, 1991, and 11.64 percent at year-end 1990.
 CCNB Corporation is a multi-bank and thrift holding company, based in Hampden Township, Pa., and is the parent company of CCNB Bank, The Gettysburg National Bank, and Parent Federal Savings Bank.
 CCNB CORPORATION
 Three months ended Dec. 31 1991 1990
 Net loss ($11,852,000) ($5,250,000)
 Per share ($2.01) ($.90)
 Provision for loan losses $16,013,000 $10,873,000
 Year ended Dec. 31 1991 1990
 Net income (loss) ($6,528,000) $4,149,000
 Per share ($1.11) $.71
 Provision for loan losses $20,255,000 $14,749,000
 /delval/
 -0- 3/20/92
 /CONTACT: Michael S. Borocz, treasurer of CCNB, 717-730-2423/
 (CCNC PNC) CO: CCNB Corporation ST: Pennsylvania IN: FIN SU: ERN


CC-JS -- PH035 -- 0228 03/20/92 16:34 EST
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Date:Mar 20, 1992
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