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JEFFERSON BANCORP, INC. ANNOUNCES CASH DIVIDEND

 JEFFERSON BANCORP, INC. ANNOUNCES CASH DIVIDEND
 MIAMI BEACH, Fla., Oct. 28 /PRNewswire/ -- The board of directors of


Jefferson Bancorp, Inc. (NASDAQ: JBNC), a publicly held bank holding company headquartered in Miami beach, today declared a cash dividend of 13 cents per share. The dividend will be paid on Nov. 23, 1992 to stockholders of record as of Nov. 9, 1992. This is the fourth cash dividend declared in 1992, the first being 12 1/2 cents per share to shareholders of record as of Feb. 11, 1992, the second being 13 cents per share to stockholders of record as of May 4, 1992, and the third being 13 cents per share to stockholders of record as of Aug. 10, 1992.
 Arthur H. Courshon, chairman of the board, stated that, "The company remains one of the most highly capitalized bank holding companies in the nation and continues to realize a substantial increase in earnings compared to 1991; therefore, the board believes that the payment of a cash dividend is appropriate." The company declared a cash dividend in each of the past three years; however, beginning in 1992, the declaration of dividends is being determined on a quarterly basis.
 Jefferson Bancorp, Inc. is a publicly held bank holding company with assets totaling $385 million. It owns and operates three banks with 12 offices in Dade, Broward and Palm Beach counties. Jefferson Bancorp, Inc. has served South Florida since 1964 and has been named in the Miami Herald's list of Florida's top 100 companies for the past five consecutive years (1988, 1989, 1990, 1991 and 1992.)
 -0- 10/28/92
 /CONTACT: Syed F. Zafar of Jefferson Bancorp, 305-535-9404/
 (JBNC) CO: Jefferson Bancorp, Inc. ST: Florida IN: FIN SU: DIV


JB-AW -- FL016 -- 6246 10/28/92 16:55 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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