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NOVEMBER MORTGAGE ORIGINATIONS UP 130 PERCENT AT ALLIED SAVINGS BANK

 SANTA ROSA, Calif., Dec. 6 /PRNewswire/ -- Redwood Empire Bancorp (AMEX: REB) today announced that mortgage originations for the month of November at Allied Savings Bank, its wholly owned subsidiary, increased 130 percent from the level in November 1992. Originations in November 1993 were $225 million compared with $98 million in originations in November last year.
 Allied currently has five wholesale mortgage offices in Sacramento, San Jose, Santa Rosa, Fresno and San Ramon, Calif., the latter two opened just this last summer. The company also operates three retail mortage lending offices in Ukiah, Santa Rosa and Lakeport, Calif.
 Redwood Empire Bancorp is the holding company for Allied Savings Bank, F.S.B., a savings bank, and National Bank of the Redwoods, a commercial bank.
 -0- 12/3/93
 /CONTACT: Doug Sherk or Jenifer Kirtland, 415-296-7383, or Sue Rodney or Stephanie Ferrell, 212-850-5600, all of Morgen-Walke Associates for Redwood Empire Bancorp/
 (REB)


CO: Redwood Empire Bancorp; Allied Savings Bank ST: California IN: FIN SU:

RB-LW -- SF005 -- 0566 12/06/93 06:30 EST
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Publication:PR Newswire
Date:Dec 6, 1993
Words:171
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