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WEST MASS BANKSHARES, INC. ANNOUNCES EARNINGS

 GREENFIELD, Mass., April 13 /PRNewswire/ -- West Mass Bankshares, Inc. (NASDAQ-NMS: WMBS) announced earnings of $702,000 or 56 cents per common share and common share equivalents outstanding for the three month period ended March 31, 1993, compared to $224,000 or 18 cents per common share and common share equivalents outstanding for the same period in 1992. Net income for the period ended March 31, 1993 reflects gains on sales of investment securities of $95,000 compared to a loss of $33,000 for the same period in 1992. There was a $202,000 gain on sale of real estate for the period ended March 31, 1993 compared to only $7,000 for the same period in 1992.
 Total assets at March 31, 1993 were $214,128,000 as compared to $218,430,000 at Dec. 31, 1992. Total deposits were $187,453,000 at March 31, 1993 compared to $192,303,000 for Dec. 31, 1992. Total stockholders' equity at March 31, 1993 was $21,016,000 compared to $20,400,000 at Dec. 31, 1992.
 The board of directors of West Mass Bankshares, Inc. declared a dividend of 7 cents per share payable on May 31, 1993 to shareholders of record on May 3, 1993.
 -0- 4/13/93
 /CONTACT: James Neill of West Mass Bankshares, 413-774-3713/
 (WMBS)


CO: West Mass Bancshares ST: Massachusetts IN: FIN SU: ERN

TM -- NE008 -- 5171 04/13/93 11:12 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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