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CHESTER VALLEY BANCORP INC. DECLARES SECOND QUARTER DIVIDEND

 DOWNINGTOWN, Pa., Feb. 24 /PRNewswire/ -- Chester Valley Bancorp Inc. (NASDAQ: CVAL), parent company of First Financial Savings Bank PaSA, today announced the declaration of its second quarter cash dividend of $.08 per share to be paid on March 24, 1993, to all shareholders of record as of March 12.
 This dividend is based on the record earnings of $498,000 for the quarter ended Dec. 31, 1992.
 "The success of the bank, through its continuing overall growth, including that resulting from the expansion of markets in the Frazer and Thorndale areas, where our newest branches are located, justify the continuation of the dividend," stated Ellen Ann Roberts, president and chief executive officer.
 In view of the consistent growth of First Financial Savings Bank, the company's wholly owned subsidiary, and with the aim of perpetuating that growth, the board of directors and the company's management team have decided to enhance the bank's computer technology by converting to a state-of-the-art computer system which will go into effect in late April.
 At Dec. 31, 1992, Chester Valley had assets of $213.2 million. The executive offices of First Financial, a full-service bank, are located in Downingtown. In addition to the Frazer and Thorndale locations mentioned above, the bank also has branch offices in Exton and Westtown.
 /delval/
 -0- 2/24/93
 /CONTACT: Bonnie Laserna, director of Shareholder Relations of Chester Valley Bancorp, 215-269-9700/
 (CVAL)


CO: Chester Valley Bancorp Inc. ST: Pennsylvania IN: FIN SU: DIV

MK-CC -- PH009 -- 9860 02/24/93 11:18 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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