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CITFED MORTGAGE CORPORATION OPENING NEW OFFICE IN TROY, OHIO

 DAYTON, Ohio, Jan. 4 /PRNewswire/ -- CitFed Mortgage Corporation of America, wholly owned subsidiary of Citizens Federal Bank, F.S.B. (Federal Savings Bank), announced today that it will open a loan origination office in Troy, Ohio, in February. The announcement was made by CitFed Executive Vice President Mary L. Larkins.
 CitFed Mortgage serves the mortgage lending needs of central and southwest Ohio with offices in Dayton, Columbus and Cincinnati. The new Troy office is the company's seventh and will be located at 1850 West Main Street in the Troy Triangle complex. Cecelia George, a long-time CitFed employee and a Miami County resident, will be the office manager.
 "CitFed Mortgage is excited about residential housing growth in the Miami County area," said Larkins. "Our new office will serve the lending needs of home buyers in Miami, Darke, Shelby and Champaign counties. We feel the growth in these areas makes it a great new market for our corporation."
 CitFed Mortgage is recognized as one of the top lenders in the Greater Dayton area. In the most recent financial figures released, CitFed closed a record $934.7 million in mortgage loans for the six months ended Sept. 30, 1993. At that time, CitFed serviced $3.7 billion in mortgage loans, including $2.1 billion for other investors.
 Citizens Federal is the largest financial institution headquartered in Dayton with assets of $1.8 billion. It operates 21 retail offices in a five-county area. CitFed Bancorp, Inc. is the holding company for Citizens Federal and trades on the NASDAQ stock market under the symbol CTZN.
 -0- 1/4/94
 /CONTACT: Diana Schoenberger of Citizens Federal Bank, 513-229-8319/
 (CTZN)


CO: CitFed Mortgage Corporation ST: Ohio IN: FIN SU:

BM-KL -- CL006 -- 8855 01/04/94 11:09 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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