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THE BANK OF SOUTHINGTON LISTS ON THE AMERICAN STOCK EXCHANGE COMPANY PREVIOUSLY TRADED OVER-THE-COUNTER

 NEW YORK, May 7 /PRNewswire/ -- The Bank of Southington today commenced trading on the American Stock Exchange. The company's common stock, trading under the ticker symbol "BSO", opened at 11:30 a.m. at 7-3/4 on 1,000 shares. The Bank of Southington, whose shares previously traded over-the-counter, chose AIM Securities, Co. as its specialist firm.
 The Bank of Southington, headquartered in Southington, Conn., is an insured bank under the Federal Deposit Insurance Corporation Act. The bank is primarily engaged in the acceptance of checking, savings and time deposits, and the granting of commercial, real estate, personal and other types of loans. Currently, the Bank of Southington has two branch offices, one in Southington, another in Bristol, Conn.
 For the first quarter ended March 31, 1993, the Bank of Southington reported record net income after taxes of $201,166, or $.20 per share, an increase of $64,622, as compared to $136,544, or $.13 per share reported in the same quarter of the prior fiscal year.
 The Bank of Southington, opened in June of 1986, has had profitable quarters and years since its first full year of operation, and has grown from $4.2 million to approximately $89 million in assets.
 "We are pleased to be able to move the Bank of Southington's shares from the over-the-counter system to the American Stock Exchange," said Roman Garbacik, chairman of the Bank of Southington. "This switch to the AMEX specialist-driven auction market will serve our shareholders' best interests. We believe an AMEX listing will mean greater liquidity, broad visibility and will provide our shareholders with a more efficient environment in which to invest."
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies, as well as a principal market to trade derivatives. No other exchange has balanced traditional and cutting edge trading products. And because of the efficiencies associated with the AMEX auction marketplace, investors of all sizes achieve the greatest value and protection.
 -0- 5/7/93
 /CONTACT: Melissa Grand, manager-equities communications of American Stock Exchange, 212-306-1635, for Bank of Southington/
 (BSO)


CO: Bank of Southington ST: Connecticut IN: FIN SU:

TS-OS -- NY043 -- 5968 05/07/93 12:35 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:380
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