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LIBERTY FEDERAL SAVINGS BANK ANNOUNCES NEW BRANCH LOCATION

 CHICAGO, March 22 /PRNewswire/ -- Liberty Bancorp, Inc. (NASDAQ: LBCI), the holding company for Liberty Federal Savings Bank, announces that the Savings Bank has received approval from the Office of Thrift Supervision (OTS) to open a branch office in the vicinity of 6014 Dempster St. in Morton Grove, Ill.
 The Savings Bank has also received OTS approval to enter into an agreement with Second Federal Savings to purchase their branch located at 6061 Dempster Street in Morton Grove, Ill. The branch being purchased has approximately $12 million in deposits and will be relocated to the newly remodeled quarters at the previously approved branch location on Dempster Street.
 The branch purchase transaction is expected to close the end of April and the new branch location will be ready for occupancy in September 1993.
 Liberty Federal Savings Bank is headquartered in Chicago and operates through its main office in Chicago and a branch office in Glenview, Ill. The Savings Bank's deposits are insured by the Federal Deposit Insurance Corp.
 -0- 03/22/93
 /CONTACT: James K. Mair, manager-shareholder services of Liberty Bancorp, 312-334-1200/
 (LBCI)


CO: Liberty Bancorp, Inc. ST: Illinois IN: FIN SU:

AH -- NY096 -- 8396 03/22/93 17:18 EST
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Publication:PR Newswire
Date:Mar 22, 1993
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