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WEST MASS BANKSHARES ANNOUNCES QUARTERLY EARNINGS

 WEST MASS BANKSHARES ANNOUNCES QUARTERLY EARNINGS
 GREENFIELD, Mass., July 9 /PRNewswire/ -- West Mass Bankshares,


Inc., (NASDAQ-NMS: WMBS) today announced earnings of $247,000 or 20 cents per common share and common share equivalents for the three months ended June 30, 1992, compared to $204,000 or 16 cents per common share and common share equivalents for the same period in 1991. For the six months ended June 30, 1992, net income was $471,000 or 38 cents per common share and common share equivalents, compared to $417,000 or 33 cents per share and common share equivalents for the six months ended June 30, 1991. Net income for the three-month period ended June 30, 1992, includes a $474,000 provision for loan losses compared to $268,000 for the same period a year earlier. For the six-month period ended June 30, 1992, the provision for loan losses was $829,000 compared to $471,000 for the six-month period ended June 30, 1991.
 Total assets at June 30, 1992, were $205,884,000 compared to $208,376,000 at Dec. 31, 1991. Total deposits were $185,356,000 at June 30, 1992, compared to $188,305,000 at Dec. 31, 1991. The allowance for loan losses stood at $2,470,000 vs. $1,706,000 at Dec. 31, 1991. Total stockholders' equity was $19,654,000 at June 30, 1992, compared $19,355,000 at Dec. 31, 1991.
 The board of directors of West Mass Bankshares, Inc. declared a dividend of 7 cents per share payable on Aug. 31, 1992, to shareholders of record on Aug. 3, 1992.
 -0- 7/9/92
 /CONTACT: Ken Cole of West Mass Bankshares, 413-774-3713/
 (WMBS) CO: West Mass Bankshares ST: Massachusetts IN: FIN SU: ERN


CN -- NE014 -- 7853 07/09/92 12:45 EDT
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Date:Jul 9, 1992
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