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GLENDALE BANCORPORATION ANNOUNCES 1992 NINE MONTHS RESULTS

 GLENDALE BANCORPORATION ANNOUNCES 1992 NINE MONTHS RESULTS
 VOORHEES, N.J., Oct. 16 /PRNewswire/ -- Glendale Bancorporation (NASDAQ: GNBC) today reported net income of $729,000 or $.39 per share for the nine months ended Sept. 30, 1992, compared to $238,000 or $.13 per share for the same prior year period.
 The improved earnings performance was primarily attributed to greater net interest income, increased non-interest income, and a reduced loan loss provision.
 Glendale Bancorporation owns Glendale National Bank of New Jersey with four offices in Camden and Burlington counties. It also owns Glendale Bank of Pennsylvania with an office in Philadelphia and an office in Upper Darby. The corporation's total consolidated assets were $240 million as of Sept. 30, 1992.
 /delval/
 -0- 10/16/92
 /CONTACT: Joseph J. Zullo, vp of Glendale Bancorporation, 609-346-8400/
 (GNBC) CO: Glendale Bancorporation ST: New Jersey IN: FIN SU: ERN


MK-MJ -- PH015 -- 0995 10/16/92 13:33 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:153
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