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YORK FINANCIAL ANNOUNCES SECOND QUARTER EARNINGS AND DIVIDEND INCREASE

YORK FINANCIAL ANNOUNCES SECOND QUARTER EARNINGS AND DIVIDEND INCREASE
 YORK, Pa., Jan. 17 /PRNewswire/ -- York Financial Corp. (NASDAQ: YFED), parent company of York Federal Savings and Loan Association, today announced net income for the second quarter ending Dec. 31, 1991, of $1,919,000 or $.52 per share.
 This is an increase in net income of 37.3 percent as compared to net income of $1,398,000 or $.39 per share in the same quarter of the previous year. Year-to-date earnings for the six months ended Dec. 31, 1991, were $3,573,000 or $.97 per share vs. $2,908,000 or $.81 per share for the prior year-to-date period.
 YORK FINANCIAL CORP.
 (In thousands)
 Periods ended Three months Six months
 Dec. 31 1991 1990 1991 1990
 Net interest income $7,268 $5,860 $14,085 $11,792
 Provision for loan
 losses 900 450 1,700 945
 Net interest income
 after provision for
 loan losses 6,368 5,410 12,385 10,847
 Other income 2,267 1,552 3,762 3,229
 Other expenses 5,170 4,449 9,749 8,871
 Income before
 income taxes 3,465 2,513 6,398 5,205
 Provision for income
 taxes 1,546 1,115 2,825 2,297
 Net income 1,919 1,398 3,573 2,908
 Net income per share $.52 $.39 $.97 $.81
 Weighted average
 shares 3,608,628 3,564,929 3,667,525 3,564,929
 Additionally, the board of directors at its regular meeting today declared an increased cash dividend. A $.16 per share cash dividend is to be paid to stockholders of record Feb. 3, 1992, and paid Feb. 14. This represents a 3.6 percent increase in the cash dividend and is the ninth consecutive year that the company has paid an increased dividend.
 York Financial Corp. has assets in excess of $837 million and its principal subsidiary, York Federal Savings and Loan Association, operates 18 branches in southcentral Pennsylvania and two branches in Harford County, Md. York Financial is the largest independent financial institution headquartered in York County, Pa.
 /delval/
 -0- 1/17/92
 /CONTACT: Robert W. Pullo, president of York Financial, 717-846-8777/
 (YFED) CO: York Financial Corporation ST: Pennsylvania IN: FIN SU: ERN DIV


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Date:Jan 17, 1992
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