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SECOND NATIONAL SELLS $1.2 MILLION IN REAL ESTATE

 SECOND NATIONAL SELLS $1.2 MILLION IN REAL ESTATE
 ANNAPOLIS, Md., Jan. 13 /PRNewswire/ -- Second National Federal


Savings Bank (NASDAQ: SNLB) announced the sale of foreclosed properties in Salisbury, Md., and Dewey Beach, Del., totalling $1.2 million.
 A prime Salisbury commercial property located at Route 13 and Naylor Mill Road was purchased at auction on Jan. 7 by regional auto distributor Ray Nordstrom. Nordstrom will relocate Courtesy Chevrolet from its current location in South Salisbury to the new location just north of the Centre of Salisbury.
 Additionally, a townhouse located in Van Dyke Street in the Ocean block of Dewey Beach sold for $235,000. The sale of this property completes the marketing of this attractive five-unit townhouse complex on Van Dyke Street.
 "Second National intends to dispose of $50 million of real estate owned properties and non-accrual loans through sales and restructurings in 1992. Sales of $1 million during the first week of January are a good start in meeting our goal," said Henry A. Berliner Jr., president and CEO of Second National.
 "The real estate market is picking up. The dramatic lowering of interest rates has prompted massive refinancings of mortgage debt, freeing up more disposable income for consumers. This income is being committed to the housing market, big ticket consumer items and to investment. This is very good news for the economy," Berliner added.
 Second National is a $1.7 billion financial institution with offices in Maryland, Delaware, Pennsylvania, Virginia and the District of Columbia.
 -0- 1/13/92
 /CONTACT: Henry A. Berliner Jr., president and CEO, 301-266-9200, ext. 201, or 800-888-5100; or Gayle W. Stark, vice president/marketing director, 301-266-9200, ext. 269, or 800-888-5100, both of Second National Federal Savings Bank/
 (SNLB) CO: Second National Federal Savings Bank ST: Maryland IN: FIN SU: RLE


SB-TW -- DC017 -- 9133 01/13/92 13:31 EST
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Date:Jan 13, 1992
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