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CITIZENS FEDERAL BANK DECLARES INITIAL DIVIDEND ON PREFERRED STOCK

 MIAMI, Aug. 11 /PRNewswire/ -- Citizens Federal Bank, the principal subsidiary of CSF Holdings, Inc. (NASDAQ-NMS: CSFC), has declared the initial cash dividend on its 8.75 percent Series 1993A Noncumulative Preferred Stock which trades on the NASDAQ National Market System.
 The Series 1993A stock was sold under a shelf registration filed with the Office of Thrift Supervision. It was issued in two segments with 1 million shares in June and 1,380,000 shares in July.
 For the shares issued in June, the initial 8.75 percent dividend will be $.515411 (51.5411 cents) per share, payable on Sept. 1, 1993, to stockholders of record on Aug. 23, 1993.
 For the shares issued in July, the initial 8.75 percent dividend will be $.197774 (19.7774 cents) per share, payable on Sept. 1, 1993, to stockholders of record on Aug. 23, 1993.
 The Series 1993A Preferred Stock is traded on the NASDAQ National Market System under the symbol CFBKP. The latest issue of 1,380,000 shares carries a temporary NASDAQ NMS symbol of CFBKO until payment of the first dividend on Sept. 1, 1993.
 -0- 8/11/93
 /CONTACT: Morton Trilling, executive vice president of CSF Holdings, 305-978-5454; or John K. Schulte of Schulte, Ross & Aguilar, 305-856-1442 for CSF Holdings, Inc./
 (CSFC CFBK)


CO: Citizens Federal Bank; CSF Holdings, Inc. ST: Florida IN: FIN SU: DIV

AW-JB -- FL005 -- 1604 08/11/93 10:52 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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