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OHSL FINANCIAL CORP. DECLARES DIVIDEND

 CINCINNATI, Sept. 22 /PRNewswire/ -- OHSL Financial Corp. (NASDAQ: OHSL), the parent company of Oak Hills Savings and Loan Company, F.A., has announced that it will pay a cash dividend of $0.15 per share. The dividend will be payable on Oct. 15, 1993, to shareholders of record on Sept. 30, 1993.
 According to Kenneth L. Hanauer, president and chief executive officer of OHSL Financial Corp., "We are pleased to announce OHSL Financial Corp.'s first dividend since its creation in connection with the 1992 stock conversion. This cash dividend is a reflection of the financial strength of OHSL and of our board's commitment to enhancing shareholder value."
 OHSL Financial Corp. was formed in October 1992 and acquired all of the shares of Oak Hills Savings and Loan Company, F.A. upon its conversion from a mutual to a stock savings and loan association effective Feb. 5, 1993. OHSL sold 1,356,600 shares of common stock at $10.00 per share. At June 30, 1993, OHSL Financial Corp. had stockholders' equity of $23,877,000 or 14.61 percent of total assets. OHSL's subsidiary, Oak Hills Savings, operates four offices in the Cincinnati area with total deposits of $135,028,000 at June 30, 1993.
 -0- 9/22/93
 /CONTACT: Kenneth L. Hanauer of OHSL Financial Corp., 513-574-3322/
 (OHSL)


CO: OHSL Financial Corp. ST: Ohio IN: FIN SU: DIV

KL -- CL017 -- 4809 09/22/93 15:19 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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