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ROCHESTER COMMUNITY COMMENTS ON STOCK TRADING ACTIVITY

 ROCHESTER, N.Y., May 5 /PRNewswire/ -- Rochester Community Savings Bank (NASDAQ: RCSB), in response to inquiries concerning the unusually high trading volume in its stock, confirmed that in the midst of developing its program to accelerate the disposition of its nonperforming assets and raise additional capital, it received an unsolicited indication of interest in the possible acquisition of the company. At the present time, the bank has not determined whether it will pursue such an affiliation, its previously announced program, or a combination of both alternatives. RCSB added that it will not comment further until a more definitive course of action has been established and an announcement becomes appropriate.
 Rochester Community Savings Bank is a publicly owned, state- chartered savings bank headquartered in Rochester, N.Y. The bank operates 28 retail banking offices in western New York, and through its wholly owned subsidiary, Shadow Lawn Savings Bank, 16 retail banking offices in central New Jersey. RCSB also owns subsidiaries engaged in mortgage banking, automobile financing, insurance, and securities brokerage.
 -0- 5/5/93
 /CONTACT: Richard Dye of Rochester Community Savings Bank, 716-423-7363/
 (RCSB)


CO: Rochester Community Savings Bank ST: New York IN: FIN SU:

BM -- CL010 -- 4774 05/05/93 10:09 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:203
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