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AMERICAN BANK OF CONNECTICUT REPORTS RESULTS

 AMERICAN BANK OF CONNECTICUT REPORTS RESULTS
 WATERBURY, Conn., Oct. 14 /PRNewswire/ -- Gene C. Guilbert,


president of American Bank of Connecticut, (AMEX: BKC) announced today that the Bank's net income for the third quarter of 1992 was $1,211,000 compared to $1,034,000 earned by the Bank during the third quarter of 1991. Net income per share for the quarter was $.55 compared to $.47 in 1991.
 Net income for the first nine months of the year was $3,621,000 or $1.66 per share, compared to $3,205,000 or $1.47 per share earned during the same period in 1991.
 American Bank of Connecticut is a state chartered savings bank with assets of $446 million, shareholders' equity of $34 million and a period ending book value of $15.77. The bank is headquartered in Waterbury, Conn. Its stock is traded on the American Stock Exchange under the symbol BKC.
 American Bank of Connecticut (A)
 Quarter ended Sept. 30 1992 1991
 Net Income $1,211,000 $1,034,000
 Per share earnings $0.55 $0.47
 Average shares 2,191,522 2,181,470
 Dividends per share $0.33 $0.33
 Year to Date: Sept. 30 1992 1991
 Net Income $3,621,000 $3,205,000
 Per share earnings $1.66 $1.47
 Average shares 2,186,393 2,180,250
 Dividends per share $.99 $.99
 -0- 10/14/92
 /CONTACT: Betty Veillette of American Bank of Connecticut, 203-757-9401/
 (BKC) CO: American Bank of Connecticut ST: Connecticut IN: FIN SU: ERN


LR-EE -- NY018 -- 9749 10/14/92 10:05 EDT
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Date:Oct 14, 1992
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