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DEERBANK CORP. RECORDS 45.6 PERCENT EARNINGS INCREASE FOR THE FIRST QUARTER ENDED DEC. 31, 1992

 DEERFIELD, Ill., Jan. 27 /PRNewswire/ -- Deerbank Corp. (NASDAQ: DEER), the holding company for Deerfield Federal Savings and Loan Association, recorded net income of $1,968,000 for the first quarter ended Dec. 31, 1992, an increase of 45.6 percent over the earnings of $1,352,000 for the similar period last year.
 Earnings per common share were $1.49 for the quarter ended Dec. 31, 1992, and $1.12 per share for the quarter ended Dec. 31, 1991.
 -0- 1/27/93
 /CONTACT: David Mullins or Wayne V. Ecklund, 708-945-2550, for Deerbank Corp./
 (DEER)


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

PS -- NY069 -- 9662 01/27/93 12:27 EST
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Publication:PR Newswire
Date:Jan 27, 1993
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