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LAUREL SAVINGS ASSOCIATION ANNOUNCES RESULTS OF THE ANNUAL MEETING OF STOCKHOLDERS

 LAUREL SAVINGS ASSOCIATION ANNOUNCES RESULTS
 OF THE ANNUAL MEETING OF STOCKHOLDERS
 ALLISON PARK, Pa., Nov. 20 /PRNewswire/ -- Laurel Savings (NASDAQ: LARL) announced today the approval by the stockholders of the association at the annual meeting the re-election of Joseph A. Dutton, John P. Auld, Edwin A. Austen and Harvey J. Haughton as directors of the association.
 Stockholders also ratified the appointment of KPMG Peat Marwick as the association's independent auditors for the fiscal year ended June 30, 1992. A stockholder proposal which recommended that the board of directors establish as policy an effort to pursue or evaluate the merger or other consolidation of the association was not approved by stockholders. Initially, it appeared such proposal had been approved. However, during a tabulation verification of the vote, it was determined that the proposal had not received the requisite vote.
 -0- 11/20/91
 /CONTACT: Edwin R. Maus, president of Laurel Savings Association, 412-487-7400/
 (LARL) CO: Laurel Savings Association ST: Pennsylvania IN: FIN SU: PER


DM -- PG011 -- 5616 11/20/91 17:16 EST
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Publication:PR Newswire
Date:Nov 20, 1991
Words:172
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