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LAUREL SAVINGS ASSOCIATION ANNOUNCES NEW OFFICER APPOINTMENTS

 ALLISON PARK, Pa., Nov. 30 ~PRNewswire~ -- Laurel Savings Association (NASDAQ: LARL) announced today the appointment of two new officers effective Nov. 12, 1992.
 The association's board of directors appointed Carlo A. Ciccone, CPA, to the office of assistant vice-president of audit and compliance, and William T. Puz to the office of assistant vice-president of credit and collections.
 Ciccone, 31, joined the association in March 1992. He has over eight years of financial experience encompassing positions with the Office of Thrift Supervision, and the Bank One Corporation in Youngstown, Ohio. A resident of Cranberry Township, Butler County, Pa., Ciccone is a 1984 graduate of Youngstown State University with a B.S. in business administration and accounting. He is a member of the Pennsylvania Institute of Certified Public Accountants.
 Puz, 46, joined Laurel Savings in October 1990. A resident of Ross Township, Allegheny County, Pa., Puz has over 17 years of experience in the financial industry including affiliations with Vanguard Federal Savings Bank in Vandergrift, Pa., the Credit Management Company, and Avco Financial Services. Puz received his professional education with the Institute of Financial Education and Equibank. His personal affiliations encompass numerous community organizations and speaking honors including the Mortgage Bankers Association, the International Credit Association, and the Western Pennsylvania League of Savings Institutions.
 Edwin R. Maus, president and chief executive officer, stated, "The association is pleased to recognize the substantial contributions of both Mr. Ciccone and Mr. Puz. They have proven to be invaluable members of Laurel Savings' management team."
 Laurel Savings Association is a 106-year-old, Pennsylvania-chartered, SAIF-insured savings association conducting business through six offices in Allegheny and Butler counties.
 -0- 11~30~92
 ~CONTACT: Edwin R. Maus, president and chief executive officer of Laurel Savings, 412-487-7400~
 (LARL)


CO: Laurel Savings Association ST: Pennsylvania IN: FIN SU: PER

CD-KE -- PG010 -- 1974 11~30~92 14:12 EST
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Date:Nov 30, 1992
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