DCB Financial Corp

Aug 18, 2000, 01:00 ET from DCB Financial Corp

    DELAWARE, Ohio, Aug. 18 /PRNewswire/ -- DCB Financial Corp
 (OTC Bulletin Board:   DCBF) President & CEO, Larry Coburn in his quarterly
 shareholder letter said, "The first six months of 2000 have been very exciting
 for your company. We have experienced unprecedented loan growth in our
 subsidiary, The Delaware County Bank & Trust Company and deposit growth
 continues as in recent years. We are also very pleased with our commitment to
 invest in Century Surety Group and its subsidiaries (PRNewswire 6/30/00). As
 disclosed by the media, we joined with four other community banks to acquire
 50% of this multi line insurance company and the transaction should be
 consummated this fall.
     "Financial institutions have been affected by the rising rate environment
 brought about by the Federal Reserve Bank to stem inflation. We are not an
 exception. Our cost of funds have increased by our desire to remain
 competitive and the nature of our deposit base. As a result, we expect some
 impact on earnings. However, we remain very confident that we will maintain a
 strong capital base, above average asset quality and earnings that will allow
 continued growth and shareholder value."
     DCB Financial Corp announced a dividend for the second quarter of 2000 in
 the amount of .07 cents per share for all shareholders of record July 14, 2000
 and payable on August 15, 2000.

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