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FIRST BANCORPORATION OF OHIO ANNOUNCES THIRD QUARTER RESULTS

 AKRON, Ohio, Oct. 14 /PRNewswire/ -- Howard L. Flood, president and chief executive officer of First Bancorporation of Ohio (NASDAQ: FBOH) announced today 1993 third quarter earnings of $14,132,000 compared to $12,692,000 one year ago. For the nine-month period ended Sept. 30, 1993, net income was $41,577,000 compared to $37,042,000 one year ago, an increase of 12.2 percent. Earnings per share for the third quarter were $.56 compared to last year's earnings of $.51 per share. For the nine-month period, earnings per share totaled $1.67 compared to $1.47 one year ago.
 The authorized dividend rate for the third quarter of 1993 was $.235 per share for an annual indicated rate of $.94 per share. Shareholders' equity is now $383,767,000, an increase of 9.7 percent, or $34,014,000 over Sept. 30, 1992. All per share data has been adjusted to reflect the two-for-one stock split of Aug. 30, 1993.
 Return on average assets for the third quarter of 1993, as well as year to date, was 1.42 percent, while return on average equity was 14.83 percent and 15.01 percent respectively. At the conclusion of the reportable financial period, consolidated assets were $3,955,418,000.
 First Bancorporation's wholly owned subsidiaries, First National Bank of Ohio, Elyria Savings & Trust National Bank, Old Phoenix National Bank, Peoples Federal Savings Bank-Wooster, The First National Bank in Massillon and Peoples Savings Bank-Ashtabula serve Summit, Cuyahoga, Medina, Lorain, Stark, Wayne, Portage, Erie, Richland, Knox, Ashtabula, Lake and Geauga counties. Bancorp Trust Company, N.A. serves the Naples, and Ft. Myers, Fla. areas.
 FIRST BANCORPORATION OF OHIO
 Comparative Statistics
 Percent September 30
 Change 1993 1992
 Total assets 4.7 $3,955,418,000 $3,776,728,000
 Total loans 3.4 2,386,956,000 2,309,332,000
 Allowance for loan losses 10.9 31,169,000 28,095,000
 As a percent of
 outstanding loans --- 1.31 1.22
 Deposits 4.6 3,378,466,000 3,229,102,000
 Shareholders' equity 9.7 383,767,000 349,753,000
 Book value per share 9.5 15.22 13.90
 Market value per share 44.1 29.00 20.13
 Percent Quarter Ended September 30,
 Change 1993 1992
 Net income 11.3 14,132,000 12,692,000
 Net income per share 0.56 0.51
 Dividend paid per share 0.24 0.20
 Return on assets (pct) 1.42 1.33
 Return on equity (pct) 14.83 14.61
 Securities gains, net 144,000 433,000
 Provision for possible
 loan losses 1,641,000 3,358,000
 Percent Year-To-Date
 Change 1993 1992
 Net income 12.2 41,577,000 37,042,000
 Net income per share 1.65 1.47
 Dividend paid per share 0.67 0.61
 Return on assets (pct) 1.42 1.32
 Return on equity (pct) 15.01 14.62
 Securities gains, net 91,000 1,361,000
 Provision for possible
 loan losses 5,430,000 11,619,000
 -0- 10/14/93
 /CONTACT: John D. Carpenter, senior vice president, of First Bancorporation of Ohio, 216-384-7510/
 (FBOH)


CO: First Bancorporation of Ohio ST: Ohio IN: FIN SU: ERN

AR-BM -- CL033 -- 2353 10/14/93 15:01 EDT
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Date:Oct 14, 1993
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