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CF BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

 DAVENPORT, Iowa, Dec. 13 /PRNewswire/ -- CF Bancorp (NASDAQ-NMS: CFBC) announced its intention today to repurchase up to 5 percent of its outstanding shares in the open market over the next six months. The shares will be purchased at prevailing market prices from time to time over a six month period depending upon market conditions.
 Since becoming a public company on July 1, 1992, CF Bancorp has repurchased a total of 81,050 shares at an average price of $17.07 per share. (Both numbers have been adjusted for a 10 percent stock dividend paid in July 1993).
 The repurchased shares will become treasury shares and will be used for general corporate purposes, including the issuance of shares in connection with the exercise of stock options.
 CF Bancorp trades on the NASDAQ stock exchange under the symbol CFBC. The corporation's shares closed at $25.00 on Dec. 10, 1993.
 -0- 12/13/93
 /CONTACT: Greg I. Bohac, executive vice president & secretary, of CF Bancorp, 319-322-6237/
 (CFBC)


CO: CF Bancorp, Inc. ST: Iowa IN: FIN SU:

CM -- CH002 -- 3152 12/13/93 12:06 EST
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Publication:PR Newswire
Date:Dec 13, 1993
Words:183
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