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DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS

 SALEM, Ore., Aug. 19 /PRNewswire/ -- The board of directors of Commercial Bancorp (NASDAQ: CBOR) announced a quarterly cash dividend for shareholders of $0.075 per share as a result of continued record earnings, Bancorp President R. B. Tibbatts announced today.
 The dividend is payable Oct. 25, 1993 to shareholders of record on Sept. 30, 1993.
 "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."
 Commercial Bancorp is the holding company for Commercial Bank and Valley Commercial Bank. Commercial Bank had assets of $234 million at June 30, 1993 and employed 200 people in 12 offices in Salem, Keizer, Silverton, Monmouth, Molalla, Newberg, and Wilsonville. Valley Commercial Bank had assets of $15 million at June 30, 1993 and employed eight people in two offices in Forest Grove and North Plains.
 -0- 8/19/93
 /CONTACT: R.B. Tibbatts, president and chief executive officer, of Commercial Bancorp, 503-399-2946/
 (CBOR)


CO: Commercial Bancorp ST: Oregon IN: FIN SU: DIV

MN-JH -- SE012 -- 4552 08/19/93 18:48 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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