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Independence Federal Savings Bank -- financial information for the three- and nine- month periods ended Sept. 30, 1995 (unaudited).

WASHINGTON--(BUSINESS WIRE)--Oct. 20, 1995--Independence Federal Savings Bank earned $424,000 or 31 cents per share in its third quarter ended Sept. 30, 1995, as compared to $333,000 or 27 cents per share in the year earlier period.

For the nine months ended Sept. 30, 1995, net income totaled $1,124,000 or 89 cents per share, as compared to $1,061,000 or 85 cents per share for the nine months ended Sept. 30, 1994.

As of Sept. 30, 1995, total assets were $253 million, as compared to $237 million, at Sept. 30, 1994.

Independence Federal, with offices at 1229 Connecticut Ave., NW; 1020 Nineteenth St., NW; 7711 Georgia Ave., NW; and 1006 E. St., NW, is listed on the NASDAQ as IFSB.

CONTACT: Independence Federal Savings Bank, Washington

Holly Burns, 202/626-0460
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Publication:Business Wire
Date:Oct 20, 1995
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