Western Ohio Financial Corporation Announces First Quarter Earnings Increase of 29%

Apr 24, 2001, 01:00 ET from Western Ohio Financial Corporation

    SPRINGFIELD, Ohio, April 24 /PRNewswire Interactive News Release/ --
 Western Ohio Financial Corporation (Nasdaq:    WOFC), parent corporation of
 Cornerstone Bank, Springfield, Ohio, today announced the Company's first
 quarter earnings.
     Net income for the three months ended March 31, 2001 was $522,000 compared
 to $405,000 for the same period in 2000, up 28.9%.  Net income per share for
 the three months ended March 31, 2001, on a basic and fully diluted basis, was
 up 36.4% from 22 cents for the three months ended March 31, 2000 to 30 cents
 per share.
     As of March 31, 2001, Western Ohio had total assets of $350,716,000, total
 deposits of $212,783,000 and shareholders' equity of $41,703,000.
     John W. Raisbeck, President and Chief Executive Officer, stated that, "the
 improvement in earnings was generally across the Company including: increased
 net interest income, increased non-interest income from loan fees and some
 limited gains on loan sales, and reduced non-interest expenses."
     The dividend declaration and other operating details will follow the
 Annual Meeting of Shareholders which will be held on April 26, 2001.
     When used in the Company's press releases or other public or shareholder
 communications, or in oral statements made with the approval of an authorized
 executive officer, the words or phrases "will likely result," "project,"
 "believe" or similar expressions are intended to identify "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995.  The Company wishes to caution readers not to place undue reliance on
 any such forward-looking statements, which speak only as of the date made, and
 to advise readers that various factors--including regional and national
 economic conditions, changes in levels of market interest rates, credit risks
 of lending activities, and competitive and regulatory factors--could affect
 the Company's financial performance and could cause the Company's actual
 results for future periods to differ materially from those anticipated or
 projected.
     The Company does not undertake--and specifically disclaims any obligation-
 -to publicly release the result of any revisions which may be made to any
 forward-looking statements to reflect the occurrence of anticipated or
 unanticipated events or circumstances after the date of such statements.
 
 
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SOURCE Western Ohio Financial Corporation
    SPRINGFIELD, Ohio, April 24 /PRNewswire Interactive News Release/ --
 Western Ohio Financial Corporation (Nasdaq:    WOFC), parent corporation of
 Cornerstone Bank, Springfield, Ohio, today announced the Company's first
 quarter earnings.
     Net income for the three months ended March 31, 2001 was $522,000 compared
 to $405,000 for the same period in 2000, up 28.9%.  Net income per share for
 the three months ended March 31, 2001, on a basic and fully diluted basis, was
 up 36.4% from 22 cents for the three months ended March 31, 2000 to 30 cents
 per share.
     As of March 31, 2001, Western Ohio had total assets of $350,716,000, total
 deposits of $212,783,000 and shareholders' equity of $41,703,000.
     John W. Raisbeck, President and Chief Executive Officer, stated that, "the
 improvement in earnings was generally across the Company including: increased
 net interest income, increased non-interest income from loan fees and some
 limited gains on loan sales, and reduced non-interest expenses."
     The dividend declaration and other operating details will follow the
 Annual Meeting of Shareholders which will be held on April 26, 2001.
     When used in the Company's press releases or other public or shareholder
 communications, or in oral statements made with the approval of an authorized
 executive officer, the words or phrases "will likely result," "project,"
 "believe" or similar expressions are intended to identify "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995.  The Company wishes to caution readers not to place undue reliance on
 any such forward-looking statements, which speak only as of the date made, and
 to advise readers that various factors--including regional and national
 economic conditions, changes in levels of market interest rates, credit risks
 of lending activities, and competitive and regulatory factors--could affect
 the Company's financial performance and could cause the Company's actual
 results for future periods to differ materially from those anticipated or
 projected.
     The Company does not undertake--and specifically disclaims any obligation-
 -to publicly release the result of any revisions which may be made to any
 forward-looking statements to reflect the occurrence of anticipated or
 unanticipated events or circumstances after the date of such statements.
 
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X70712278
 
 SOURCE  Western Ohio Financial Corporation