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CENTRAL PENNSYLVANIA FINANCIAL DECLARES DIVIDEND

 SHAMOKIN, Pa., Dec. 23 /PRNewswire/ -- A cash dividend of $.11 per share for the quarter ending Dec. 31, 1992, was declared Tuesday by the board of directors of Central Pennsylvania Financial Corp. (NASDAQ: CPSA).
 The cash dividend will be payable Jan. 29, 1993, to shareholders of record of Jan. 15. There are 1,927,845 shares of stock issued and outstanding.
 This will be the 35th consecutive quarterly cash dividend for the company since its principal subsidiary, Central Pennsylvania Savings Association, converted to stock ownership from a mutual association in March 1984.
 Central Pennsylvania Financial Corporation is the parent of Central Pennsylvania Savings Association which was originally chartered in 1873. The association is the 14th largest savings institution in Pennsylvania with 23 offices throughout central, southeastern and southern Pennsylvania. Offices are located in Shamokin, Mount Carmel, Williamsport, Lewisburg, Danville, Shamokin Dam, Sunbury, Hershey, Camp Hill, Lancaster, York, Columbia, Wrightsville, Fairview Village, West Point, Quakertown, Norristown, Reading, Warminster, Allentown and Philadelphia.
 -0- 12/23/92
 /CONTACT: Frank J. Fendt of Central Pennsylvania Financial, 717-644-0861/
 (CPSA)


CO: Central Pennsylvania Financial Corporation; Central Pennsylvania
 Savings Association ST: Pennsylvania IN: FIN SU: DIV


MK-MJ -- PH011 -- 9514 12/23/92 11:06 EST
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Publication:PR Newswire
Date:Dec 23, 1992
Words:198
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