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WEST MASS BANKSHARES, INC. ANNOUNCES THIRD QUARTER EARNINGS

 GREENFIELD, Mass., Oct. 14 /PRNewswire/ -- West Mass Bankshares, Inc. (NASDAQ-NMS: WMBS) today announced earnings of $572,000 or 44 cents per common share and common share equivalents outstanding for the three months ended Sept. 30, 1993, compared to $301,000 or 24 cents per common share and common share equivalents outstanding for the same period in 1992. For the nine months ended Sept. 30, 1993 net income was $1,894,000 or $1.48 per common share and common share equivalents outstanding, compared to $772,000 or 62 cents per common share and common share equivalents outstanding for the same period in 1992.
 Total assets at Sept. 30, 1993 were $219,971,000 compared to $218,430,000 at Dec. 31, 1992. Total deposits were $191,145,000 at Sept. 30, 1993 compared to $192,303,000 at Dec. 31, 1992. The allowance for loan losses stood at $3,361,000 on Sept. 30, 1993 vs. $3,154,000 at Dec. 31, 1992. Total stockholders' equity was $22,102,000 at Sept. 30, 1993, 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 Nov. 30, 1993 to shareholders of record on Nov. 1, 1993.
 -0- 10/14/93
 /CONTACT: Jim Neill or Ken Cole of West Mass Bankshares, 413-774-3713/
 (WMBS)


CO: West Mass Bankshares, Inc. ST: Massachusetts IN: FIN SU: ERN DIV

DJ-CM -- NE010 -- 2257 10/14/93 12:49 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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