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CITIZENS FEDERAL RECEIVES TOP CRA RATING

 CITIZENS FEDERAL RECEIVES TOP CRA RATING
 DAYTON, Ohio, March 24 /PRNewswire/ -- Citizens Federal Bank, F.S.B.


(Federal Savings Bank) announced today that it received an "outstanding" rating on its most current examination by the Office of Thrift Supervision (OTS) for compliance with consumer laws and regulations, including the Community Reinvestment Act (CRA).
 A rating of "outstanding," also refered to as "1," is the highest of the four categories assigned by the OTS.
 "We fully support the objectives of the CRA, and this rating shows that Citizens Federal is putting that support into action," said president Jerry L. Kirby. "We are firmly committed to a policy of fairness and equality in all aspects of our business."
 The evaluation by the OTS represents the agency's assessment and rating of Citizens Federal's CRA performance through Nov. 25, 1991. Each institution has flexibility in determining how it will meet the credit needs of the community, and evaluations are based on 12 assessment factors. Citizens Federal was noted for its active involvement in such organizations as the Dayton CRA Alliance, the City of Dayton's Neighborhood Lending Program and the Ohio Housing Finance Agency. In addition to the bank's community involvement, the examination also termed "excellent" Citizens Federal's participation in governmentally insured and guaranteed or subsidized housing loan programs.
 In an on-going effort to make home ownership a reality, Citizens Federal also is co-sponsor of the City of Dayton's Mortgage Credit Counseling Service. This organization presents classroom instruction for those people going through the home-buying process for the first time. Among the topics covered in the four-week sessions are: budget planning, loan underwriting guidelines and credit analysis.
 The CRA imposes an affirmative obligation on depository institutions to determine and meet the credit needs of the communities they serve. To better understand those needs, Citizens Federal formed a CRA Advisory Committee last July to make recommendations regarding the credit needs of the low-to-moderate income public.
 The community leaders who serve on that committee include Joyce Hannah, director, Montgomery County Human Services; Rev. Earl Harris, pastor, Greater Allen AME Church; Lynette Heard, associate director of communications, Wright State University; Ricky Robinson, president, Southern Dayton View Neighborhood Association; Pat Thornton, vice president, Dayton Urban League; Dwight Washington, general counsel, Dayton Public Schools; Talbert Grooms, director of purchasing, Dayton Metropolitan Housing Authority; and Robert Dillingham, Dillingham Realty and NAACP official.
 The overall compliance evaluation recognized Citizens Federal's leadership role in ascertaining community credit needs and meeting those needs through effective marketing of special credit-related programs.
 Citizens Federal is the largest financial institution headquartered in Dayton, Ohio, and reported assets of $1.7 billion as of Dec. 31, 1991. Citizens Federal offers a wide variety of financial products and has 21 office locations throughout the Greater Miami Valley. The bank also is a member of the MONEY STATION(SM) and CIRRUS(R) electronic banking networks, giving customers worldwide access to their accounts. CitFed Mortgage Corporation, a subsidiary of Citizens Federal, is among the leading mortgage lenders in Ohio and has offices located in Dayton, Cincinnati and Columbus.
 -0- 3/24/92
 /CONTACT: Diana L. Schoenberger of Citizens Federal, 513-229-8319/ CO: Citizens Federal ST: Ohio IN: FIN SU:


KK -- CL005 -- 1040 03/24/92 12:02 EST
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Date:Mar 24, 1992
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