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ATLANFED BANCORP, INC., DECLARES DIVIDEND

 BALTIMORE, March 23 /PRNewswire/ -- Atlanfed Bancorp, Inc., Baltimore (NASDAQ-NMS: AFED), announced that its board of directors declared a quarterly cash dividend of 10 cents per share, to be paid on April 15, 1993, to stockholders of record as of the close of business on March 31, 1993.
 This is the 22nd consecutive quarterly cash dividend paid to stockholders. Atlanfed also increased cash dividends to stockholders every year since its first dividend payment in 1987. Earnings of the company during the nine months ended Dec. 31, 1992, increased by 21 percent over the comparable period the preceding year.
 Atlanfed's primary subsidiary, Atlantic Federal Savings Bank, was founded in 1897 and currently operates 10 branches throughout the state of Maryland. Atlantic Home Mortgage Corporation, the bank's mortgage banking subsidiary, operates loan production offices in Towson, Pasadena, Elkton and Bel Air, Md.
 -0- 3/23/93
 /CONTACT: Michael P. Gavin, executive vice president, or Anthony R. Cole, vice president and controller, Atlanfed Bancorp, Inc., 410-938-8610/
 (AFED)


CO: Atlanfed Bancorp, Inc. ST: Maryland IN: FIN SU: DIV

KD-MH -- DC004 -- 8542 03/23/93 09:34 EST
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Publication:PR Newswire
Date:Mar 23, 1993
Words:182
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