Community Savings Corrects Quarterly Net Income Before Recognition of SAIF Special Assessment in 10/10-BW1310 (COMMUNITY-SAVINGS).NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 11, 1996-- Community Savings, F.A. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMSV CMSV Collgeg of Mount Saint Vincent (Riverdale, NY) ) Friday announced that its press release of Oct. 10, 1996 mistakenly stated that the net income for the quarter ended Sept. 30, 1996 before the recognition of the one-time SAIF special assessment was $2.0 million, or $0.40 per share. Such release should have stated that net income before the special assessment was $1.6 million, or $0.33 per share. The Association's operating results for the three months and year ended Sept. 30, 1996 were correctly reported as $(186,000) or $(0.03) per share and $3.9 million, or $0.79 per share, respectively. Chartered in 1955, Community Savings is a federal stock savings and loan association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. with headquarters in North Palm Beach, Florida North Palm Beach is an incorporated village in Palm Beach County, Florida, United States. The population was 12,064 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 12,645. , the deposits of which are insured by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). . The Association has 18 full-service offices located throughout northern Palm Beach, Martin and St. Lucie counties. Visit us on the World Wide Web at: http://www.communitysavings.com CONTACT: Community Savings James B. Pittard/Larry J. Baker, 561/881-2212 |
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