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THE TRUSTCOMPANY BANCORPORATION REPORTS FIRST QUARTER EARNINGS

 JERSEY CITY, N.J., May 27 /PRNewswire/ -- Siggi B. Wilzig, chairman and president of the Trustcompany Bancorporation (NASDAQ-NMS: TCBC), parent company of the Trust Company of New Jersey, announced excellent earnings for the first quarter of 1993. The first quarter of 1993 earned $5,142,000 as compared with a loss of $5,931,000 for the same period of 1992. This reflects a first quarter 1992 accounting change described in detail below. The bank's net earnings for all of 1992 were $20,173,000. There was no change in the cumulative amount earned, only in the quarter in which it was earned.
 THE TRUSTCOMPANY BANCORPORATION
 Quarter ended March 31 1993 1992
 Net income $5,142,000 $(5,931,000)(A)
 Per common share .50 (.61)
 Deposits increased from $1.9 billion a year ago to $2.1 billion at March 31, 1993 and assets increased from $2.1 billion a year ago to $2.3 billion at March 31, 1993.
 Capital Ratios Required TCBC
 Tier I 4 percent 10.0 percent
 Total Capital 8 percent 11.2 percent
 (A) During the last quarter of 1992, the company restated its earnings for the first three quarters of 1992. As stated in the annual report, securities which are to be held for an indefinite period of time are classified as securities held for sale and are carried at the lower of aggregate amortized cost or market value. A significant amount of investment securities were reclassified as held for sale and this reclassification caused fluctuations in the valuing of the securities. There was no change in the cumulative amount earned during 1992, only in the quarter in which it was earned.
 -0- 5/27/93
 /CONTACT: The Trustcompany Bancorporation, 201-420-2800/
 (TCBC)


CO: The Trustcompany Bancorporation ST: New Jersey IN: FIN SU: ERN

SM-OS -- NY037 -- 2865 05/27/93 10:51 EDT
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Publication:PR Newswire
Date:May 27, 1993
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