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BANDO McGLOCKLIN REPORTS RECORD PROFITS FOR THIRD QUARTER

 BROOKFIELD, Wis., April 29 /PRNewswire/ -- Bando McGlocklin Capital Corporation (NASDAQ-NMS: BMCC) today announced record profits and continued strength in loan demand during the third quarter ended March 31, 1993.
 Total loans to businesses rose to $95,469,131, a 14.2-percent increase from the same period a year earlier of $83,602,858.
 Net interest income climbed 54.7 percent to $1,181,919, compared to $764,229 during the same quarter of fiscal 1992.
 Net operating income soared to $995,640, a record 64.5-percent increase from the comparable period a year ago when net operating income reached $605,398.
 Net operating income per share rose 17.6 percent to 26.0 cents per share based on 3,831,576 weighted average shares outstanding, compared to 22.1 cents per share based on 2,744,253 weighted average shares outstanding during the same period a year earlier. The firm issued 1,081,325 shares of common stock on Oct. 14, 1992.
 For the nine months ended March 31, 1993, net interest income rose 17.4 percent to $2,984,625 from a year earlier of $2,542,300. Net operating income for the first nine months of the fiscal year increased 27.1 percent to $2,390,003, compared to $1,880,722 during the same period a year ago.
 Net operating income per share remained unchanged at 69 cents per share vs. 69.1 cents per share during the same period a year earlier.
 Total operating expenses were up 5.8 percent to $884,230 when compared to the nine months ended during same period of fiscal 1992 of $836,066.
 On March 26, 1993, Bando McGlocklin completed its formation as a holding company and created a new subsidiary, Bando McGlocklin Small Business Investment Corporation.
 On April 28, the board of directors declared a regular quarterly cash dividend equal to 22 cents per share payable on May 15, 1993, to shareholders of record on May 5, 1993.
 BANDO McGLOCKLIN CAPITAL CORPORATION
 Condensed Comparative Financial Data
 As of March 31, 1993 1992
 Total loans $95,469,131 $83,602,858
 Total assets 100,718,862 90,049,645
 Three months ending March 31,
 Net interest income $1,181,919 $764,229
 Salaries and employee benefits 171,681 145,864
 Other operating expenses 115,110 98,673
 Total operating expenses 286,791 244,537
 Net operating income $995,640 $605,398
 Net operating income per share .260 .221
 Weighted shares outstanding 3,831,576 2,744,253
 Since the firm's IPO on May 13, 1987, through March 31, 1993, the total average annual compounded rate of return on investment was 45.6 percent. For additional perspective regarding historical return, the total average annual compounded rate of return was 25.6 percent for the period Sept. 30, 1980, to March 31, 1993.
 The calculation of total ROI is based upon cash dividends, the reinvestment of cash dividends through the firm's Dividend Reinvestment Plan, and capital appreciation.
 In announcing third quarter activity, Chairman and Chief Executive Officer George R. Schonath said: "We are pleased to report record profitability for the quarter. Despite a slow economy, loan demand is at record levels. We expect loan growth and profitability to remain at substantially the same levels throughout the remainder of 1993."
 Founded in 1980, Bando McGlocklin Capital Corporation and its subsidiary, Bando McGlocklin Small Business Investment Corporation, provide long-term secured loans to finance the growth, expansion and modernization of small businesses in Wisconsin and the Midwest. The subsidiary has become the holder of the federal license under the Small Business Investment Act of 1958.
 -0- 4/29/93
 /CONTACT: Cynthia Garland of Garland Public Relations, 414-238-1788, for Bando McGlocklin/
 (BMCC)


CO: Bando McGlocklin Capital Corporation ST: Wisconsin IN: FIN SU: ERN

ML -- DE005 -- 2511 04/29/93 09:54 EDT
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Date:Apr 29, 1993
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