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JEFFERSON BANCORP ANNOUNCES DIVIDEND

 JEFFERSON BANCORP ANNOUNCES DIVIDEND
 MIAMI BEACH, Fla., April 22 /PRNewswire/ -- The board of directors


of Jefferson Bancorp, Inc. (NASDAQ: JBNC) a publicly held bank holding company headquartered in Miami Beach, today declared a cash dividend of $.13 per share to be announced at the annual stockholders meeting. The dividend will be paid on May 15, 1992 to stockholders of record as of May 4, 1992. This is the second cash dividend declared in 1992, the first being 12 1/2 cents per share to shareholders of record as of Feb. 11, 1992.
 Arthur H. Courshon, chairman of the board, stated that, "The company remains one of the most highly capitalized bank holding companies in the nation and during the first quarter had a substantial increase in earnings over the same quarter in 1991; therefore, the board believes that the payment of a cash dividend is appropriate." The Company declared a cash dividend in each of the past three years; however, beginning in 1992, the declaration of dividends is being determined on a quarterly basis.
 Jefferson Bancorp, Inc. is a publicly held bank holding company with assets totaling $375 million. It owns and operated 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 past four consecutive years (1988, 1989, 1990, and 1991).
 -0- 4/22/92
 /CONTACT: Jacqueline H. Chiodo of Jefferson Bancorp, 305-535-9401/
 (JBNC) CO: Jefferson Bancorp, Inc. ST: Florida IN: FIN SU: DIV


JB-JJ -- FL009 -- 1397 04/22/92 15:18 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
Words:271
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