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UNITED FEDERAL BANCORP INCREASES QUARTERLY DIVIDEND

 UNITED FEDERAL BANCORP INCREASES QUARTERLY DIVIDEND
 STATE COLLEGE, Pa., Nov. 25 /PRNewswire/ -- The board of directors


of United Federal Bancorp (NASDAQ: UFBK) today announced a 30 percent increase in the company's quarterly cash dividend.
 The common stock dividend was raised from $0.11 per share to $0.14 per share and is payable Dec. 31, 1991, to stockholders of record Dec. 13, 1991.
 In discussing the increase, Charles C. Pearson Jr., president and chief executive officer, stated, "The 30 percent increase in United Federal's dividend confirms our faith in the company's future operating performance, high asset quality, and excellent capital position."
 United Federal Bancorp is the holding company for United Federal Bank, Founders Federal Bank, and UFB Financial Inc. United Federal Bank conducts business from its headquarters in State College, Pa., and 15 full-service branches in central and southern Pennsylvania. Founders Federal Bank conducts business from its headquarters and two branch offices in Williamsport, Pa.
 -0- 11/25/91
 /CONTACT: Charles C. Pearson Jr., chief executive officer, or Donald L. Gross, chief financial officer, 814-231-1600, both of United Federal Bancorp/
 (UFBK) CO: United Federal Bancorp ST: Pennsylvania IN: FIN SU: DIV


CD -- PG013 -- 6997 11/25/91 16:02 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 25, 1991
Words:200
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