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WEST MASS BANKSHARES ANNOUNCES QUARTERLY EARNINGS

 WEST MASS BANKSHARES ANNOUNCES QUARTERLY EARNINGS
 GREENFIELD, Mass., Oct. 8 /PRNewswire/ -- West Mass Bankshares, Inc.


(NASDAQ-NMS: WMBS) today announced earnings of $301,000 or 24 cents per common share and common share equivalents outstanding for the three- month period ending Sept. 30, 1992, compared to $249,000 or 20 cents per common share and common share equivalents outstanding for the same period in 1991. For the nine months ended Sept. 30, 1992, net income was $772,000 or 62 cents per common share and common share equivalents outstanding, compared to $667,000 or 54 cents per common share and common share equivalents outstanding for the same period in 1991. Net income reflects a $670,000 provision for possible loan losses for the quarter ended Sept. 30, 1992, and $1,499,000 for the nine months ended Sept. 30, 1992. This compares to a $254,000 provision during the third quarter of 1991, and a $725,000 provision for the first nine months of 1991.
 Total assets at Sept. 30, 1992, were $210,420,000 compared to $208,376,000 at Dec. 31, 1991. Total deposits were $184,701,000 at Sept. 30, 1992, as compared to $188,305,000 at Dec. 31, 1991. Total stockholders' equity was $19,868,000 at Sept. 30, 1992, compared to $19,355,000 at Dec. 31, 1991.
 The board of directors of West Mass Bankshares, Inc. declared a dividend of 7 cents per share payable on Nov. 30, 1992, to shareholders of record on Nov. 2, 1992.
 -0- 10/8/92
 /CONTACT: Ken Cole of West Mass Bankshares, 413-774-3713/
 (WMBS) CO: West Mass Bankshares ST: Massachusetts IN: FIN SU: ERN


CH -- NE012 -- 7914 10/08/92 13:40 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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