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LAUREL SAVINGS ASSOCIATION DECLARES QUARTERLY DIVIDEND

 LAUREL SAVINGS ASSOCIATION DECLARES QUARTERLY DIVIDEND
 ALLISON PARK, Pa., Aug. 14 /PRNewswire/ -- The board of directors of


Laurel Savings Association (NASDAQ: LARL) Thursday declared a regular quarterly dividend of $0.08 per share on the association's common stock, it was announced today.
 The dividend is payable Sept. 1, 1992, to stockholders of record Aug. 24, 1992.
 In commenting on the dividend, Edwin R. Maus, president and chief executive officer, stated, "The declaration of Laurel Savings' regular quarterly dividend actually represents a 25 percent increase in the cash payout per share or an increase from $0.08 per share to $0.10 per share on a pre-split basis. Having completed a previously announced 5-for-4 stock split effective Aug. 14, 1992, the association is maintaining its dividend level on the newly issued shares." Maus continued, "The board's decision to retain the current payout level is a reflection of the association's strong financial position and excellent operating performance."
 Laurel Savings Association is a 105-year-old, Pennsylvania-chartered, SAIF-insured savings association conducting business through six offices in Allegheny and Butler counties.
 -0- 8/14/92
 /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: DIV


DM-JS -- PG003 -- 9975 08/14/92 11:34 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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