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WESTCO BANCORP, INCORPORATED COMPLETES REPURCHASE OF COMMON STOCK

 WESTCHESTER, Ill., Jan. 5 /PRNewswire/ -- Westco Bancorp, Inc. (NASDAQ: WCBI), the holding company for First Federal Savings and Loan Association of Westchester, Westchester, said today that it has completed its repurchase of common stock. In December, the company had received regulatory clearance to repurchase up to 103,835 shares of its common stock as approved by its board of directors.
 103,835 shares were purchased on the open market at an average price of $19.26, approximately 87% of the company's stated tangible book value of $22.03 at Sept. 30, 1993. The stock repurchase leaves 1,972,915 shares outstanding.
 -0- 1/5/94
 /CONTACT: Richard Brechlin, executive vice president of Westco Bancorp, 708-865-1100/
 (WCBI)


CO: Westco Bancorp, Inc. ST: Illinois IN: FIN SU:

WB-SP -- NY034 -- 9326 01/05/94 11:58 EST
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Publication:PR Newswire
Date:Jan 5, 1994
Words:134
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