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FALLBROOK NATIONAL BANK ANNOUNCES REGULAR DIVIDEND AND SPECIAL ECONOMIC STIMULATION DIVIDEND

 FALLBROOK NATIONAL BANK ANNOUNCES REGULAR DIVIDEND
 AND SPECIAL ECONOMIC STIMULATION DIVIDEND
 FALLBROOK, Calif., Feb. 21 /PRNewswire/ -- Stephen H. Wacknitz, president and chief executive officer of Fallbrook National Bank, announced today that the bank's board of directors declared its regular annual dividend of $0.15 per share, plus a special economic stimulation dividend of $0.10 per share. The total dividend will be paid at $0.25 per share.
 Wacknitz stated that the board of directors felt that it was appropriate for the bank, which is extensively owned by local residents, to share its excellent 1991 results with the community that has supported it. The bank hopes that the special economic stimulation dividend will be its small contribution to consumer confidence and spending in the Fallbrook community.
 He added, "Those businesses like ours which have been able to prosper through these troubled economic waters need to do what we can to support our shareholders and the local economy. With the returns earned by investors falling with the depressed market rates of interest, we felt that the special economic stimulation dividend would also help ease the situation for shareholders who depend on their investments. In addition, to the extent that our example can encourage just a little more consumer spending in our local economy, we benefit from the increased economic strength in the local and national economy."
 Fallbrook National Bank reported record earnings for 1991 of $807,000, representing $1.68 per share, up by 16 percent from its 1990 results. The bank had $61,541,000 in total assets at Dec. 31, 1991, and shareholders equity of $4,373,000. The bank's tier one capital ratio was 7.7 percent, well in excess of the minimum required by current regulations. The bank had no reportable delinquent loans at the end of 1991, an achievement which it has maintained since January 1991.
 For more information, contact Steve Wacknitz, 619-723-8811.
 -0- 2/21/92
 /CONTACT: Linda Knoche of KPR Associates, 619-723-0255, for Fallbrook National Bank/ CO: Fallbrook National Bank ST: California IN: FIN SU: DIV


DM-AL -- SD004 -- 1598 02/21/92 18:52 EST
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Publication:PR Newswire
Date:Feb 21, 1992
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