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BRANFORD SAVINGS BANK CONCLUDES RIGHTS OFFERING

 BRANFORD SAVINGS BANK CONCLUDES RIGHTS OFFERING
 BRANFORD, Conn., Feb. 27 /PRNewswire/ -- Branford Savings Bank


(NASDAQ: BSBC) confirmed today that its rights offering to shareholders will conclude on Feb. 28, 1992 at 5 p.m. eastern standard time as previously announced. Subscriptions for $1.5 million and letters of intent in the amount of an additional $3 million have been received. The bank now expects to successfully complete the transaction in the third week of March, 1992, subject to required regulatory approvals.
 Branford Savings Bank is an FDIC insured, stated chartered savings bank founded in 1889. The bank's stock is traded in NASDAQ under the symbol BSBC and can be found in the list entitled NASDAQ Weekly Bid and Ask Quotations. Five offices are located in Branford (2), North Branford and East Haven (2).
 -0- 2/27/92
 /CONTACT: Gregory R. Shook, senior vice president and secretary of Branford Savings, 203-481-3471/
 (BSBC) CO: Branford Savings Bank ST: Connecticut IN: FIN SU:


SM-OS -- NY018 -- 3140 02/27/92 09:48 EST
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Publication:PR Newswire
Date:Feb 27, 1992
Words:169
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