Article: Dearborn Bancorp Reports Sharp Earnings Improvement

DEARBORN, Mich., Oct. 14 /PRNewswire/ -- Dearborn Bancorp, Inc. the holding company for Community Bank of Dearborn that first opened for business on February 28, 1994, announced its earnings for the first nine months and third quarter of 1997. Net income for the nine months ended September 30, 1997, was $415,000 or $.44 per common share. In 1996, the company lost $32,000 or $.05 per share during the same period.

During the third quarter of 1997, the company's net income was $156,000 or $.16 per share. Earnings were $60,000 or $.09 per share during the same three months of 1996.

Michael J. Ross, Vice President of the holding company and President ...






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