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CSF HOLDINGS SUBSIDIARY ACQUIRES $74 MILLION IN DEPOSITS AND TWO BRANCH BANKING OFFICES IN MIAMI FROM RESOLUTION TRUST CORPORATION

 CSF HOLDINGS SUBSIDIARY ACQUIRES $74 MILLION IN DEPOSITS AND TWO BRANCH BANKING OFFICES IN MIAMI FROM RESOLUTION TRUST CORPORATION
 MIAMI, March 16 /PRNewswire/ -- Citizens Federal Bank, a subsidiary of CSF Holdings, Inc. (NASDAQ-NMS: CSFCB), has acquired approximately $74 million in insured deposits and two banking offices in Miami from the Resolution Trust Corporation.
 Citizens Federal Bank is a five-state federal savings bank with assets of $4.4 billion and offices in Florida, California, Illinois, Ohio and Virginia.
 The acquired branches and insured deposits formerly belonged to Professional Federal Savings Bank. They are part of 14 Professional Federal offices which were divided among eight financial institutions.
 One week ago, Citizens Federal acquired a banking office and approximately $49 million in insured deposits in Richmond, Va., from the Resolution Trust Corporation.
 Citizens Federal Bank has a strong regulatory capital base upon which to grow. As of Dec. 31, 1991, its tangible capital ratio was 4.9 percent vs. 1.5 percent required, its core capital ratio was 6.8 percent vs. 3 percent required, and its risk-based capital ratio was 14.6 percent vs. 7.2 percent required.
 CSF Holdings, Inc. is a publicly owned financial institution traded on the NASDAQ national market system under the symbol CSFCB.
 -0- 3/16/92
 /CONTACT: Morton Trilling, executive vice president of CSF Holdings, Inc., 305-978-5454; or John K. Schulte of Schulte, Ross & Aguilar, 305-856-1442, for CSF Holdings/
 (CSFCB) CO: CSF Holdings, Inc.; Citizens Federal Bank; Professional Federal
 Savings Bank ST: Florida IN: FIN SU: TNM


AW-SS -- FL004 -- 8229 03/16/92 10:51 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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