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CFSB BANCORP, INC. ANNOUNCES 4-FOR-3 STOCK SPLIT

 LANSING, Mich., Aug. 18 /PRNewswire/ -- CFSB Bancorp, Inc. (NASDAQ-NMS: CFSB), holding company for Community First Bank, announced today that the Corporation's Board of Directors has approved a 4-for-3 stock split, effective in the form of a 33-percent stock dividend. The stock dividend will be distributed Sept. 15, to stockholders of record as of Aug. 31, 1993.
 Robert H. Becker, President and Chief Executive Officer, said the split expands outstanding shares of the company by 33 percent to approximately 3,725,000 shares. Stockholders will receive four shares of common stock for each three shares they hold on the record date.
 Becker said, "The split should bring the market price of the company's stock to a level more attractive to individual investors, enhance market liquidity and create a wider stockholder base."
 Certificates for the additional full shares will be mailed Sept. 15, 1993. Stockholders entitled to receive fractional shares will receive cash, based on the market price on Aug. 31, 1993.
 Community First Bank, now in its 103rd year, specializes in residential mortgage lending and retail banking services. Headquartered in Lansing, the Bank serves mid-Michigan from 18 branch locations. On June 31, 1993, the Bank had assets totaling $648 million.
 -0- 8/18/93
 /CONTACT: Robert H. Becker, President and C.E.O., 517-374-3588, or John W. Abbott, Executive Vice President and C.O.O., 517-483-4871, both of CFSB Bancorp/
 (CFSB)


CO: CFSB Bancorp, Inc. ST: Michigan IN: FIN SU:

SM -- DE025 -- 4054 08/18/93 16:40 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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