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FIRST FEDERAL SAVINGS BANK OF COLORADO DECLARES DIVIDEND

 FIRST FEDERAL SAVINGS BANK OF COLORADO DECLARES DIVIDEND
 LAKEWOOD, Colo., Sept. 16 /PRNewswire/ -- Malcolm E. Collier, Jr.,


chairman of First Federal Savings Bank of Colorado (NASDAQ-NMS: FFBA), Lakewood, announced today that the Bank's board of directors declared a 14.07 cent per share cash dividend on the Bank's common stock to shareholders of record on Sept. 30, 1992. This is the payment of the Bank's first dividend since converting from mutual to stock form on July 14, 1992, and represents a 65 cent per share annual dividend for the period of July 14, 1992 to Sept. 30, 1992. The cash dividend will be payable on or about Oct. 20, 1992. Collier indicated that it is the present intent of the board of directors to pay regular quarterly cash dividends in the amount of 16 1/4 cents per quarter or 65 cents per year as disclosed in the Bank's Stock Offering Circular.
 First Federal is a community-oriented retail savings institution offering traditional deposit and mortgage loan products. First Federal primarily serves the Colorado counties of Denver, Adams, Arapahoe, Jefferson, Boulder, Weld, Larimer and Prowers through a network of 20 offices, providing a full range of retail banking services, with emphasis on one-to-four family residential mortgages. The Bank's common stock is traded in the over-the-counter market on the NASDAQ National Market System under the symbol "FFBA."
 -0- 9/16/92
 /CONTACT: Malcolm E. Collier, Jr. of First Federal Savings, 303-232-2121/
 (FFBA) CO: First Federal Savings Bank of Colorado ST: Colorado IN: FIN SU: DIV


MC -- DV006 -- 0159 09/16/92 13:07 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
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