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FIRST SECURITY SAVINGS BANK FINANCES $2 BILLION IN MORTGAGES IN FIRST EIGHT MONTHS OF 1992

 FIRST SECURITY SAVINGS BANK FINANCES $2 BILLION IN MORTGAGES
 IN FIRST EIGHT MONTHS OF 1992
 BLOOMFIELD HILLS, Mich., Sept. 28 /PRNewswire/ -- First Security Savings Bank already has more than doubled its year-over-year mortgage financing performance for the second straight year, breaking through the $2 billion mark, year-to-date, in residential mortgages last month.
 Driven primarily by lower interest rates, the bank's achievement comprised more than 25,000 mortgages in the first eight months of 1992.
 The bank financed $1.03 billion in residential mortgages in 1991.
 First Security Executive Vice President Mark T. Hammond attributed the strong performance not only to heavy residential mortgage demand stemming from lower interest rates, but also the bank's expanded network of offices and customer service capability.
 First Security Savings Bank, a federally chartered lending institution, is one of the Midwest's largest originators and financiers of residential mortgage loans. It operates 13 offices in Michigan (Allen Park, Ann Arbor, Bloomfield Hills, Farmington Hills, Grand Blanc, Grand Rapids, Holland, Lansing, Lapeer, Livonia, Mount Clemens, Plymouth, Saginaw) and seven in Ohio.
 -0- 9/28/92
 /CONTACT: Mark T. Hammond of First Security Savings Bank, 313-352-7700; or Fred Zosel of Zosel & Associates, 313-343-0203, for First Security Savings Bank/ CO: First Security Savings Bank ST: Michigan IN: FIN SU:


KE -- DE006 -- 3841 09/28/92 09:01 EDT
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Publication:PR Newswire
Date:Sep 28, 1992
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