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STRONGSVILLE SAVINGS BANK ANNOUNCES PUBLIC OFFERING

 STRONGSVILLE, Ohio, Oct. 5 /PRNewswire/ -- The Strongsville Savings Bank (NASDAQ: SSBK) announced today a public offering of 280,000 shares of its Capital Stock, without par value, at a price of $26.00 per share. The Bank will use the net proceeds for general corporate purposes. McDonald & Company Securities, Inc. is the Underwriter for the offering and has been granted an over-allotment option to purchase up to an additional 42,000 shares of Capital Stock from the Bank. In connection with the offering, the shares of Capital Stock were approved for quotation on the NASDAQ System under the trading symbol SSBK.
 The Strongsville Savings Bank, with its home office in Strongsville and branch offices in Berea, Brecksville, North Royalton, Parma Heights, Westlake, Hinkley, North Ridgeville and Wellington, Ohio, offers a wide range of consumer-oriented lending and deposit products and services to residents in its market area and is active in the origination of loans to developers and builders of residential real estate within its market area.
 -0- 10/5/93
 /CONTACT: Thomas P. Perciak of Strongsville Savings Bank, 216-238-7311/
 (SSBK)


CO: Strongsville Savings Bank ST: Ohio IN: FIN SU: OFR

KL-BM -- CL020 -- 8934 10/05/93 14:20 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:199
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