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ST. PAUL BANCORP APPOINTS TWO NEW DIRECTORS

 CHICAGO, Oct. 1 /PRNewswire/ -- St. Paul Bancorp, Inc. (NASDAQ: SPBC), the holding company for Chicago-based St. Paul Federal Bank For Savings, announced today that it has named John W. Croghan and Jean Carolyn Murray, O.P., as members of its board of directors effective Oct. 25, 1993.
 Croghan, 63, is chairman and founder in 1967 of Lincoln Capital Management, a Chicago-based investment counseling firm. Murray, 66, is currently president of Rosary College, a position which she has held since 1981.
 Murray has been appointed to succeed the late John J. Gearen, a former director whose term expires in May 1995. Croghan has been appointed to serve a three-year term which expires in May 1996. His appointment follows the approval today by the board of directors of an increase in its number to eleven members.
 In announcing both appointments, Joseph C. Scully, chairman of the board and chief executive officer, said, "John Croghan and Jean Murray bring with them to the directorship a wealth of knowledge, experience and leadership in their respective professions. Their wisdom and insights are a welcome addition to our board of directors as we lead St. Paul Bancorp through the challenges of our increasingly competitive operating environment."
 Mr. Croghan is a graduate of Loyola University, a Navy veteran of the Korean War, and holds a masters of business administration from Harvard University. He is a director of Blockbuster Entertainment Corporation, Lindsay Manufacturing Company and the Morgan Stanley Emerging Markets Fund. He serves on several non-profit boards, including Northwestern University and Evanston Hospital.
 Jean Murray is a graduate of Rosary College and holds her doctorate in French from the University of Fribourg, Switzerland. She also holds a certificate from the Institute of Educational Management at Harvard University. She served as an instructor and administrator in varying capacities at Rosary College for more than 20 years, prior to being named its president in 1981. She has been a member of the Sinsinawa Dominicans since 1952. She is a member of the American Association of Teachers of French and the Associated Colleges of Illinois, and currently serves as chairperson of the Federation of Independent Illinois Colleges and Universities. She also is a member of the boards of Fenwick High School and the Association of Catholic Colleges and Universities, Neylan Conference.
 St. Paul Bancorp is the holding company for St. Paul Federal Bank For Savings, Chicago's largest independent thrift institution. The company has $3.8 billion in assets and operates 50 retail banking offices throughout metropolitan Chicago. The company provides discount brokerage, insurance and annuity, and real estate development services through other subsidiaries.
 -0- 10/1/93
 /CONTACT: Susan H. Fisher, 312-804-2284, or Robert N. Parke, 312-804-2360, both of St. Paul Bancorp, Inc./
 (SPBC)


CO: St. Paul Bancorp, Inc. ST: Illinois IN: FIN SU: PER

WB-MP -- NY052 -- 7832 10/01/93 13:34 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
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