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COASTAL BANC SAVINGS ASSOCIATION ANNOUNCES NET INCOME

 COASTAL BANC SAVINGS ASSOCIATION ANNOUNCES NET INCOME
 HOUSTON, July 15 /PRNewswire/ -- Coastal Banc Savings Association


(NASDAQ: CBSA) today reported net income of $2,262,137 for the three months ended June 30, 1992, and $4,384,500 for the six month period.
 Second quarter net income per fully-diluted share was $.43 on 5,305,467 common stock equivalents outstanding. This compares with first quarter net income of $.40 per fully-diluted share on 5,309,486 common stock equivalents outstanding. Per share income for the first quarter was calculated as if shares issued at Coastal Banc's March 25 initial public offering had been outstanding for the full quarter.
 At June 30, 1992, Coastal Banc had assets of approximately $1.1 billion and total stockholder equity of approximately $64 million.
 Coastal Banc Savings Association is a Texas-chartered, federally insured savings and loan association headquartered in Houston. It operates 16 branch offices in metropolitan Houston and the more rural areas west and southwest of Houston.
 -0- 7/15/92
 /CONTACT: Manuel J. Mehos of Coastal Banc Savings, 713-623-2600, or Karen Fox of Churchill Group, 713-781-0020, for Coastal Banc Savings/
 (CBSA) CO: Coastal Banc Savings Association ST: Texas IN: FIN SU: ERN


MA -- NY035 -- 9472 07/15/92 10:47 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
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