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TRUSTCOMPANY BANCORPORATION REPORTS RECORD NINE MONTHS EARNINGS; THIRD QUARTER PROFIT UP 45 PERCENT RAISES DIVIDEND BY 6.58 PERCENT

 TRUSTCOMPANY BANCORPORATION REPORTS RECORD NINE MONTHS EARNINGS;
 THIRD QUARTER PROFIT UP 45 PERCENT RAISES DIVIDEND BY 6.58 PERCENT
 JERSEY CITY, N.J., Nov. 12 /PRNewswire/ -- Siggi B. Wilzig, chairman and president of the Trustcompany Bancorporation (NASDAQ: TCBC), parent company of the Trust Company of New Jersey, announced that the bank's net income for the nine months ended Sept. 30, 1992 increased 7 percent to $18.3 million. Earnings for the current quarter increased 45 percent to $6.5 million.
 The board of directors announced an increase in the annual dividend from $.60 per share to $.64 per share. This quarter's increased dividend is payable Dec. 1, 1992 to shareholders of record Nov. 23, 1992. During the past five years, the dividend has been raised seven times, increasing the dividend over 300 percent.
 The provision for possible loan losses was $6 million for the third quarter as compared with $8 million for the same quarter of 1991. The allowance for possible loan losses at Sept. 30, 1992 was $37.3 million, as compared with $34.5 million for the same period last year. Included in the nine months earnings for 1992 are gains, net of income taxes, from the sale of securities of $19.8 million, as compared with $10.1 million for 1991.
 Mr. Wilzig stated that he was very pleased with this year's higher earnings, particularly since last year's earnings included a $12 million gain, net of income taxes, from a change in pension plan accounting methods. No earnings were derived from this accounting method in 1992.
 Deposits at Sept. 30 increased from $1.9 billion one year ago to $2.0 billion this year and total assets at Sept. 30 increased from $2.1 billion last year at this time, to $2.2 billion for this year.
 Mr. Wilzig added, "The combination of high earnings, liquidity and excellent capital ratios, puts the bank in a perfect strategic position for the expected upturn in loan demand for the coming year."
 THE TRUST COMPANY BANCORPORATION
 Sept. 30, 1992 The Trust company Required
 Tier I 12.63 percent 3.63 percent
 Total Capital 14.13 percent 7.25 percent
 Nine months Three months
 Periods ended Sept. 30 1992 1991 1992 1991
 Net income $18,341,000 $17,108,000 $6,540,000 $4,489,000
 Per common share 1.82 1.77 .65 .45
 -0- 11/12/92
 /CONTACT: The Trustcompany Bancorporation public relations, 201-420-2800/
 (TCBC) CO: Trustcompany Bancorporation ST: New Jersey IN: FIN SU: ERN


SH-LR -- NY056 -- 0231 11/12/92 13:43 EST
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Date:Nov 12, 1992
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