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REGENT BANCSHARES REPORTS RESULTS

 REGENT BANCSHARES REPORTS RESULTS
 PHILADELPHIA, Feb. 27 /PRNewswire/ -- Regent Bancshares Corp. has


announced that its securities will be listed on the NASDAQ system starting on Monday, March 2, and will trade under the following symbols: common stock -- RBNK; Series A preferred stock -- RBNKP; common stock units -- RBNKU; and common stock warrants -- RBNKW.
 Regent Bancshares Corp., located at 1430 Walnut St., the holding company for Regent National Bank, recorded net income in 1991 of $1,154,647 or $1 per common share, compared to a net loss in 1990 of $264,102 or $1.25 per share. The improvement in 1991's earnings was attributable to: an increase in operating earnings, excluding securities transaction, of $176,378, or 53 percent, which was the result of higher average loan and securities balances and lower funding costs; and non-recurring gains of $642,371 related to the disposal of securities held for sale. The results in 1990 were affected by an unrealized loss on securities held for sale of $600,000. For 1991, Regent reported a return on average assets of .97 percent and a return on average equity of 11.24 percent.
 REGENT BANCSHARES CORP.
 Year ended Dec. 31 1991 1990
 Net interest income $3,280,652 $2,557,253
 Provision for loan losses 525,000 460,000
 Income from operations 512,276 335,898
 Gain (loss) on securities
 held for sale 642,371 (600,000)
 Net income 1,154,647 (264,102)
 Net income (loss) per share:
 Primary $1.18 $(1.25)
 Fully diluted 1.00 N/A
 At Dec. 31 1991 1990
 Total assets $132,416,382 $110,185,393
 Total deposits 119,722,678 99,013,398
 Total loans 50,770,494 47,794,093
 Allowance for loan losses 905,139 575,000
 Total shareholders' equity 10,781,778 9,627,131
 /delval/
 -0- 2/27/92
 /CONTACT: Harvey Porter, president and CEO, or Stephen J. Carroll, treasurer of Regent Bancshares, 215-546-6500/
 (RBNK) CO: Regent Bancshares Corp. ST: Pennsylvania IN: FIN SU: ERN


KA-LJ -- PH004 -- 3158 02/27/92 10:15 EST
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Date:Feb 27, 1992
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