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THE BOSTON FIVE REPORTS MORTGAGE PRODUCTION TOTALS

 BOSTON, Jan. 15 /PRNewswire/ -- The Boston Five Bancorp, Inc. (NASDAQ-NMS: BFCS), today reported that its subsidiary, The Boston Five Cents Savings Bank FSB, had residential mortgage production for the month and two months ending Dec. 31, 1992, totalling $134.0 million and $257.8 million, respectively. For the comparable periods in 1991 The Boston Five originated residential mortgages totalling $112.7 million and $209.3 million, respectively.
 During December 1992, The Boston Five received residential mortgage applications totalling $79.2 million. This compares with applications totalling $155.1 million in December 1991. The bank's experience has been that approximately 75 percent of mortgage applications subsequently become closed loan production.
 Established in 1825, The Boston Five is one of the largest savings banks headquartered in Massachusetts, with total assets of more than $1.7 billion. It services almost $3.8 billion in residential mortgages, of which more than $2.9 billion are serviced for investors. The Boston Five operates 15 loan offices in five New England states and conducts correspondent lending operations in 12 New England and Middle Atlantic states.
 -0- 1/15/93
 /CONTACT: Lynn McLaughlin, corporate communications for The Boston Five, 617-742-6000, ext. 2106/
 (BFCS)


CO: The Boston Five Bancorp, Inc. ST: Massachusetts IN: FIN SU:

CH -- NE008 -- 5365 01/15/93 12:32 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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