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DEERBANK RECORDS 30.4 PERCENT EARNINGS INCREASE FOR FISCAL YEAR ENDED SEPT. 30, 1991

 DEERBANK RECORDS 30.4 PERCENT EARNINGS INCREASE
 FOR FISCAL YEAR ENDED SEPT. 30, 1991
 DEERFIELD, Ill., Dec. 6 /PRNewswire/ -- Deerbank Corp. (NASDAQ: DEER), the holding company for Deerfield Federal Savings and Loan Association, recorded net income of $4,620,000 for the fiscal year ended Sept. 30, 1991, an increase of 30.4 percent over the last fiscal year's earnings of $3,542,000.
 Earnings per common share were $3.87 for the fiscal year ended Sept. 30, 1991, and $2.97 per share for the fiscal year ended Sept. 30, 1990.
 Earnings for the fourth quarter ended Sept. 30, 1991, were $1,098,000, an increase of 26.1 percent over the $871,000 recorded for the similar period last year. Earnings per common share for the fourth quarter were $0.91 compared to $0.74 for the similar period last year.
 -0- 12/6/91
 /CONTACT: David Mullins of Deerfield Federal, 708-945-2550/
 (DEER) CO: Deerbank Corp. ST: Illinois IN: FIN SU: ERN


CK -- NY036 -- 0089 12/06/91 12:00 EST
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Publication:PR Newswire
Date:Dec 6, 1991
Words:173
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