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Article: Calumet Bancorp Announces Third Quarter Earnings, Three-For-Two Common Stock Split
- Article from:
- PR Newswire
- Article date:
- October 22, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DOLTON, Ill., Oct. 22 /PRNewswire/ -- Calumet Bancorp, Inc. (Nasdaq: CBCI), today reported net income of $1.7 million for the third quarter of 1997, compared to $207,000 net income for the third quarter of 1996. During the third quarter of 1996 the Company provided $2.3 million to pay the FDIC special assessment to recapitalize the SAIF pursuant to the legislation signed by President Clinton on September 30, 1996. Without the special assessment, earnings would have been $1.7 million for the third quarter of 1996, approximately the same as 1997. Net income for the nine months ended September 30, 1997 was $5.5 million, compared to $3.7 million for the nine months ended ...