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DEERBANK CORP. RECORDS 33.4 PERCENT EARNINGS INCREASE FOR THE SECOND QUARTER ENDED MARCH 31, 1993

 DEERFIELD, Ill., April 27 /PRNewswire/ -- Deerbank Corp. (NASDAQ: DEER) the holding company for Deerfield Federal Savings and Loan Association, Deerfield, Ill., recorded net income of $1,971,000 for the second quarter ended March 31, 1993, an increase of 33.4 percent over the earnings of $1,478,000 for the similar period last year.
 Earnings per common share were $1.48 for the quarter ended March 31, 1993, and $1.22 per share for the quarter ended March 31, 1992.
 Net income for the first six months of the current fiscal year was $3,939,000, an increase of 39.2 percent over the $2,830,000 recorded for the similar period last year.
 Earnings per share for the current fiscal year-to-date were $2.97 compared to $2.34 for the similar period last year.
 -0- 4/27/93
 /CONTACT: David Mullins or Wayne V. Ecklund of Deerbank Corp., 708-945-2550/
 (DEER)


CO: Deerbank Corp. ST: Illinois IN: FIN SU: ERN

PS -- NY082 -- 1403 04/27/93 12:47 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
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