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COMMERCIAL BANCORP DECLARES 2-FOR-1 STOCK SPLIT

 SALEM, Ore., Nov. 19 ~PRNewswire~ -- The board of directors of Commercial Bancorp (NASDAQ-NMS: CBOR) announced a 2-for-1 stock split payable Jan. 25, 1993, to shareholders of record on Dec. 29, 1992.
 The board of directors of Commercial Bancorp also announced a quarterly cash dividend for shareholders of $0.125 per share payable on Jan. 25, 1993, to shareholders of record on Dec. 24, 1992.
 Effective Nov. 19, 1992, Commercial Bancorp stock is traded on the NASDAQ National Market under the symbol CBOR, which should provide greater investor accessibility than their former listing on the NASDAQ Small-Cap market.
 "The board of directors is pleased at the continued strong performance of the company," Tibbatts said, "and wishes to share these good results with our shareholders and potential investors."
 The board of directors of Commercial Bancorp recently paid a 5-percent stock dividend on its common stock on Aug. 13, 1992.
 Commercial Bancorp previously announced record earnings for the first nine months of 1992 of $2,157,000, 32 percent ahead of the same period in 1991 and representing a 1.24-percent return on average assets.
 Commercial Bancorp is the parent company of Commercial Bank headquartered in Salem with 12 branches in the mid-Willamette Valley, and Valley Commercial Bank, headquartered in Forest Grove, Ore., with an additional branch in North Plains, Ore.
 -0- 11~19~92
 ~CONTACT: R.B. Tibbatts of Commercial Bancorp, 503-399-2946~
 (CBOR)


CO: Commercial Bancorp; Commercial Bank ST: Oregon IN: FIN SU:

LM-JH -- SE005 -- 2998 11~19~92 14:31 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:250
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