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GLENDALE BANCORPORATION ANNOUNCES 1992 FIRST QUARTER RESULTS

 GLENDALE BANCORPORATION ANNOUNCES 1992 FIRST QUARTER RESULTS
 VOORHEES, N.J., April 14 /PRNewswire/ -- Glendale Bancorporation (NASDAQ: GNBC), the holding company of Glendale National Bank of New Jersey and Glendale Bank of Pennsylvania, today reported net income of $275,000 for the quarter ended March 31, 1992.
 Net income for the comparable period in 1991 was $305,000.
 On a per-share basis, primary and fully diluted net income was $.15 and $.16 for the quarters ended March 31, 1992 and 1991, respectively. However during the quarter ended March 31, 1992, the provision for loan losses and other real estate owned was $405,000 as compared to $150,000 for the first quarter of 1991. Total consolidated assets were approximately $242 million at March 31, 1992.
 /delval/
 -0- 4/14/92
 /CONTACT: Joseph J. Zullo, vp of Glendale Bancorporation, 609-346-8400/
 (GNBC) CO: Glendale Bancorporation ST: New Jersey IN: FIN SU: ERN


MK-JS -- PH042 -- 8352 04/14/92 16:51 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
Words:158
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/Repeating for points needing/
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