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JEFFERSON BANCORP, INC. ANNOUNCES OPEN MARKET PURCHASES OF ITS COMMON STOCK

 JEFFERSON BANCORP, INC. ANNOUNCES OPEN MARKET
 PURCHASES OF ITS COMMON STOCK
 MIAMI BEACH, Fla., Oct. 20 /PRNewswire/ -- Jefferson Bancorp, Inc. (NASDAQ: JBNC), a publicly held bank holding company headquartered in Miami Beach, announced today that, as it has in the past it intends to continue to purchase shares of its own common stock in the open market.
 Arthur H. Courshon, chairman of the board of Jefferson Bancorp, Inc., commented that in the board's opinion, the market price of the stock often fails to reflect its underlying value, in light of the growth of Jefferson's earnings over the years, its outstanding financial stability and its high capital ratio. For that reason, he said, the board feels that shares offered for sale in the market from time to time present the corporation with an attractive and sound investment opportunity.
 Jefferson Bancorp, Inc. is a publicly held bank holding company which owns and operates three banks with 12 offices in Dade, Broward and Palm Beach counties. Jefferson Bancorp, Inc. has served South Florida since 1964 and has been named in The Miami Herald's list of Florida's top 100 companies for the last five consecutive years (1988, 1989, 1990, 1991 and 1992.)
 -0- 10/20/92
 /CONTACT: Jacqueline H. Chiodo of Jefferson Bancorp, Inc., 305-535-9401/
 (JBNC) CO: Jefferson Bancorp, Inc. ST: Florida IN: FIN SU:


JB-AW -- FL010 -- 2404 10/20/92 14:32 EDT
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Publication:PR Newswire
Date:Oct 20, 1992
Words:230
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