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Jefferson Federal Savings & Loan declares dividend.

MORRISTOWN, Tenn.--(BUSINESS WIRE)--Nov. 22, 1996--William W. Bales, President of Jefferson Federal Savings and Loan Association of Morristown, announced that the association will pay a regular divided of twelve and one-half cents per share on its common stock to stockholders of record Dec. 31, 1996 and payable on Jan. 10, 1997.

Jefferson Federal is a majority-owned subsidiary of Jefferson Bancshares, M.H.C., a federally chartered mutual holding company which owns 1,550,000 shares of the association's common stock. Jefferson Bancshares, M.H.C. has elected to waive receipt of the dividend from Jefferson Federal for the quarter ending Dec. 31, 1996.

CONTACT: Jefferson Federal Savings and Loan Association

of Morristown

Tom Rush, 423/586-8421
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Publication:Business Wire
Date:Nov 22, 1996
Words:117
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