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CFSB BANCORP, INC. ANNOUNCES DIVIDEND INCREASE

 CFSB BANCORP, INC. ANNOUNCES DIVIDEND INCREASE
 LANSING, Mich., Sept. 15 /PRNewswire/ -- CFSB Bancorp, Inc. (NASDAQ-


NMS: CFSB), holding company for Community First Bank, announced today that the corporation's board of directors has declared its seventh consecutive quarterly cash dividend. This dividend of 10 cents per share represents a 33-percent increase over the previous quarter's dividend of 7 1/2 cents per share (after adjustment for a stock split which was distributed on July 20, 1992). Robert H. Becker, president, attributed the dividend increase to the corporation's continued strong earnings.
 This current dividend is payable on Oct. 15, 1992, to stockholders of record as of Sept. 30, 1992.
 Community First Bank, now in its 102nd year, specializes in residential mortgage lending and retail banking services. Headquartered in Lansing, the bank serves mid-Michigan from 19 branch locations. On June 30, 1992, the bank had assets totaling $675 million.
 -0- 9/15/92
 /CONTACT: Robert H. Becker, president and CEO, 517-374-3588, or John W. Abbott, executive vice president and COO, 517-483-4871, both of CFSB Bancorp, Inc./
 (CFSB) CO: CFSB Bancorp, Inc. ST: Michigan IN: FIN SU: DIV


SM -- DE029 -- 9784 09/15/92 16:12 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
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