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THE STRONGSVILLE SAVINGS BANK ANNOUNCES SHAREHOLDER APPROVAL OF AN INCREASE IN AUTHORIZED SHARES

 STRONGSVILLE, Ohio, Jan. 10 /PRNewswire/ -- At a special meeting called solely for that purpose, shareholders of The Strongsville Savings Bank (NASDAQ: SSBK) approved amendments to the bank's Articles of Incorporation and Constitution increasing the bank's authorized capital stock, without par value, from 2 million shares to 10 million shares.
 The increase in the authorized number of shares of capital stock will provide flexibility for corporate planning. Thomas P. Perciak, president and chief executive officer, said, "The increase in authorized shares provides flexibility to the Board to consider a possible stock split."
 The Strongsville Savings Bank is an Ohio-chartered, federally insured savings association whose principal business activities are conducted from its main office in Strongsville, Ohio, and its eight branch offices in Cuyahoga, Lorain and Medina Counties. Principal market makers for The Strongsville Savings Bank's stock are McDonald & Company Securities, Inc., Roney & Co. and Mayer & Schweitzer, Inc.
 -0- 1/10/94
 /CONTACT: Thomas P. Perciak, chief executive officer, or John F. Ziegler, vice president and chief financial officer, of The Strongsville Savings Bank, 216-238-7311/
 (SSBK)


CO: The Strongsville Savings Bank ST: Ohio IN: FIN SU:

BM-KL -- CL013 -- 0633 01/10/94 14:50 EST
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Publication:PR Newswire
Date:Jan 10, 1994
Words:193
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