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COMMERCIAL BANK OF FLORIDA SETS RECORD NET INCOME AND PER SHARE EARNINGS

 MIAMI, Oct. 26 /PRNewswire/ -- Commercial Bankshares, Inc. (NASDAQ-NMS: CLBK) today reported that third quarter earnings rose 43 percent to $683,000 from $476,000 a year ago.
 For the first nine months of 1993, Commercial Bankshares earned $2.5 million, a 103 percent increase from $1.2 million in the same period of 1992.
 Earnings per share, based upon shares outstanding as of Sept. 30, 1993 and before the issuance of 850,000 shares in October 1993, was $.32 for the quarter ending Sept. 30, 1993 up from $.23 for the corresponding quarter in 1992.
 Nine month earnings per share data showed an improvement of 80 percent to $1.15 per share in 1993 as compared with $.64 per share for the nine months ended Sept. 30, 1992.
 Improvement was reported in all areas of the bank's performance. Non-performing assets were reduced to $993,000, less than one half of a percent of total assets, down 40 percent from the Sept. 30, 1992 levels.
 -0- 10/26/93
 /CONTACT: Joan Papadakis of Commercial Bankshares, 305-267-1200/
 (CLBK)


CO: Commercial Bankshares, Inc. ST: Florida IN: FIN SU: ERN

RK-JV -- FL008 -- 6864 10/26/93 14:25 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
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