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SECURITY FEDERAL SAVINGS TO OPEN A BRANCH IN NILES, ILL.

 CHICAGO, Dec. 30 /PRNewswire/ -- Security Federal Savings, 1209 N. Milwaukee Avenue, Chicago, a subsidiary of Financial Security Corp. (NASDAQ: FNSC), announced today that it will open its first branch in Niles, Ill. Security Federal is negotiating a lease agreement for the location of a branch at 5697 Touhy Avenue, Niles, Ill. The full- service facility is scheduled to open and serve the banking needs of the community before year end 1994.
 Daniel K. Augustine, president and chief executive officer of Security Federal Savings, stated today that "Opening its first branch location will allow Security Federal additional opportunities to provide financial services to the residents of the community. The opening of this branch location is an integral part of our long-term plan for growth in deposits and entry into suburban lending markets."
 Security Federal Savings was established in 1907 and has assets as of Sept. 30, 1993, of $246.2 million.
 -0- 12/30/93
 /CONTACT: William C. Preissner, chief financial officer, Security Federal Savings, 312-227-7020/
 (FNSC)


CO: Security Federal Savings ST: Illinois IN: FIN SU:

LG -- NY029 -- 8142 12/30/93 16:32 EST
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Publication:PR Newswire
Date:Dec 30, 1993
Words:184
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