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SUBURBAN BANCORP SETS NEW EARNINGS RECORD

 SUBURBAN BANCORP SETS NEW EARNINGS RECORD
 PALATINE, Ill., July 15 /PRNewswire/ -- Suburban Bancorp's


(NASDAQ: SUBBA) second quarter 1992 net income was $3.08 million or 90 cents per share, up 47 percent over second quarter 1991 net income of $2.098 million or 60 cents per share.
 During the quarter, Suburban Bancorp posted record net income, 22 percent higher than the previous high of $2.51 million or 73 cents per share set by the multibank holding company a quarter earlier.
 1992 six-month net income rose to $5.58 million or $01.63 per share, 52 percent higher than net income of $3.68 million or $1.05 for the same period in 1991.
 President and CEO Gerald F. Fitzgerald Jr. attributed the increased earnings to substantial growth in net interest income.
 Assets increased 13 percent from $1.011 billion to $1.139 billion between June 30, 1991 and June 30, 1992.
 Deposits grew 13 percent from $916.7 million on June 30, 1991 to $1.033
billion on June 30, 1992. Loans increased 5.8 percent from $433.75 million to $458.9 million during the same time period.
 Suburban Bancorp (SUBBA) operates 13 banks with 29 offices in metropolitan Chicago.
 SUBURBAN BANCORP
 Balance Sheet Highlights
 (in millions)
 Quarter ended
 6/30/92 6/30/91
 Assets $1,139.084 $1,010.957
 Deposits $1,033.23 $916.706
 Loans $458,900 $433.746
 Operating Highlights
 (in millions except per share data)
 Quarter ended
 6/30/92 6/30/91
 Net income $3.079 $2.098
 Net interest income $10.750 $9.261
 Provision for loan losses $.759 $0.747
 Earnings per share $0.90 $0.60
 Six months ended
 6/30/92 6/30/91
 Net income $5.584 $3.680
 Net interest income $21.060 $18.108
 Provision for loan losses $1.368 $1.497
 Earnings per share $1.63 $1.05
 Average shares outstanding 3.424 3.490
 -0- 7/15/92
 /CONTACT: Gerald Fitzgerald Jr. of Suburban Bancorp, 708-359-1077/
 (SUBBA) CO: Suburban Bancorp ST: Illinois IN: FIN SU: ERN


PS -- NY034 -- 9476 07/15/92 10:53 EDT
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Date:Jul 15, 1992
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