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STOCK DIVIDEND DECLARED AT RAILROADMEN'S TO RECOGNIZE STRONG FINANCIAL PERFORMANCE

 STOCK DIVIDEND DECLARED AT RAILROADMEN'S
 TO RECOGNIZE STRONG FINANCIAL PERFORMANCE
 INDIANAPOLIS, May 20 /PRNewswire/ -- Railroadmen's Federal Savings and Loan Association (NASDAQ: RRMN) today announced a 10 percent stock dividend payable on July 1, 1992 to shareholders of record on June 10, 1992. Under the terms of this stock dividend, Railroadmen's shareholders will receive one share of common stock for every 10 shares held on the record date. Fractional shares created by the transaction will be paid in cash.
 "We have declared this stock dividend to recognize the association's tremendous financial performance," said J.R. Kocher, chairman of the board and chief executive officer. "Railroadmen's posted record earnings in 1991 and we just completed the most profitable quarter in the history of the company. This stock dividend allows us to share our success with our shareholders, without whose support it would not be possible."
 Earlier this week, the association mailed its fourth consecutive quarterly cash dividend to shareholders. The board of directors plans to continue to consider cash dividends on a quarterly basis.
 For the quarter ended March 31, 1992, Railroadmen's had earnings of $1,668,863 or $.92 per share compared to $901,194, or $.59 for the same quarter in 1991. For the fiscal year ended Dec. 31, 1991, earnings were $4,375,000, or $2.54 per share, compared to earnings of $3,355,000, or $2.22 per share for 1990.
 Railroadmen's operates 15 full-service branch offices in the greater Indianapolis and Chicago areas.
 -0- 5/20/92
 /CONTACT: Kay Neidlinger of Railroadmen's Federal Savings and Loan Association, 317-630-0599 or 800-822-8280 toll-free in Indiana/
 (RRMN) CO: Railroadmen's Federal Savings and Loan Association ST: Indiana IN: FIN SU: DIV


KK -- CL013 -- 6246 05/20/92 12:35 EDT
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Publication:PR Newswire
Date:May 20, 1992
Words:290
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