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LOAN AMERICA DECLARES 15 PERCENT STOCK DIVIDEND

 MIAMI LAKES, Fla., Nov. 19 ~PRNewswire~ -- Loan America Financial Corporation (NASDAQ-NMS: LAFCB), a publicly owned residential mortgage banking firm, today declared a 15 percent stock dividend on its Class B common stock, payable on Dec. 17, 1992, to stockholders of record on Dec. 3, 1992.
 The company's Class B common stock is traded on the NASDAQ National Market System under the symbol LAFCB. There currently are 2,231,828 shares outstanding.
 Recently, Loan America announced record earnings thus far this year. For the nine months ended Sept. 30, 1992, Loan America achieved net earnings of $4.5 million ($1.67 per share) on total revenues of $32.4 million.
 President John S. Kuczwanski stated, "We are pleased to distribute these additional shares to our shareowners, and we anticipate that this dividend will help to enhance the stock's overall market performance."
 This will be the company's second stock dividend this year. A previous 10 percent distribution was made on May 26, 1992.
 -0- 11~19~92
 ~CONTACT: John S. Kuczwanski, president of Loan American Financial Corporation, 305-557-9282; or John K. Schulte, of Schulte Ross & Aguilar, 305-856-1442, for Loan America Financial Corporation~
 (LAFCB)


CO: Loan America Financial Corp. ST: Florida IN: FIN SU: DIV

JJ-AW -- FL006 -- 2750 11~19~92 10:01 EST
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Publication:PR Newswire
Date:Nov 19, 1992
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