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SUBURBAN BANCORP SETS EARNINGS RECORD

                SUBURBAN BANCORP SETS EARNINGS RECORD
    PALATINE, Ill., Jan. 21 /PRNewswire/ -- 1991 Suburban Bancorp


(NASDAQ-NMS: SUBBA) income surged to $8.39 million or $2.41 per share from $2.18 million or $0.59 per share in 1990, and assets climbed to $1.07 billion on Dec. 31, 1991, from $969.56 million on Dec. 31, 1990.
    Suburban's 1991 earnings toppled the company's previous earnings record of $7.95 million, established in 1989.
    Fourth quarter income of $2.46 million was substantially above the $0.09 million posted during the fourth quarter a year earlier.  Per share income for the fourth quarter was $0.71 for 1991 compared to $0.03 in 1990.
    President Gerald F. Fitzgerald Jr. attributed earnings growth to continued increases in interest and noninterest income, control of noninterest expense and the return to more typical loan loss provisions than in 1990.
    Book value per share rose to $22.56 at the end of 1991, 10.3 percent more than the $20.45 recorded Dec. 31, 1990.
    Suburban Bancorp owns 13 community banks in north, northwest and west suburbs of Chicago.
                          SUBURBAN BANCORP
                       Balance Sheet Highlights
                            (in millions)
    Period ended                             Year
     Dec. 31                       1991               1990
           Assets                $1,066.5            $969.6
           Deposits                $968.0            $877.0
           Loans                   $448.2            $425.4
                        Operating Highlights
                 (in millions except per share data)
    Period ended                          Year
     Dec. 31                      1991                1990
           Net income            $8.39               $2.18
           Net interest income   $37.28              $35.81
           Provision for
             Loan Losses          $2.65               $6.97
           Earnings per share     $2.41               $0.59
                      Operating Highlights
              (in millions except per share data)
    Period ended                           Quarter
     Dec. 31                      1991               1990
           Net income            $2.46               $0.09
           Net interest income   $9.77               $9.04
           Provision for
             loan losses         $0.68               $2.15
        Earnings per share       $0.71               $0.03
    -0-            1/21/92
    /CONTACT:  Edward C. Murawski of Suburban Bancorp, 708-359-1077/
    (SUBBA) CO:  Suburban Bancorp ST:  Illinois IN:  FIN SU:  ERN SH -- NY051 -- 1781 01/21/92 11:35 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:330
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