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CITFED BANCORP, INC. EARNINGS EXPECTED TO BE ON TARGET

 CITFED BANCORP, INC. EARNINGS EXPECTED TO BE ON TARGET
 DAYTON, Ohio, July 16 /PRNewswire/ -- CitFed Bancorp, Inc. (NASDAQ: CTZN) announced today that first quarter earnings are expected to be in line with analysts' estimates for the period ending June 30.
 "We expect net income for the quarter to be between 45 and 50 cents per share," said Jerry L. Kirby, president and chairman of CitFed Bancorp, Inc. "The net income range, on a per share basis, would meet analysts' estimates of between 36 and 50 cents."
 Kirby attributed the strong earnings estimate primarily to an increase in the corporation's net interest margin.
 He will be addressing stockholders tomorrow at the corporation's first annual meeting as a stock company. The meeting is scheduled for 2 p.m. at its corporate headquarters, One Citizens Federal Centre.
 CitFed Bancorp, Inc. is the holding company of Citizens Federal Bank, F.S.B., the largest financial institution headquartered in Dayton with assets of $1.8 billion. It operates 21 retail offices in a five-county area. The bank's subsidiary, CitFed Mortgage Corporation of America, operates seven mortgage origination offices in Dayton, Columbus and Cincinnati and services nearly $4 billion in mortgage loans. The bank also offers services through its Trust Department, which has grown to assets under management of more than $270 million since its inception in 1984.
 -0- 7/16/92
 /CONTACT: Diana Schoenberger of CitFed Bancorp, Inc., 513-229-8319/
 (CTZN) CO: CitFed Bancorp, Inc. ST: Ohio IN: FIN SU:


SM -- CL020 -- 9932 07/16/92 16:08 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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