Article: Premier Bancorp, Inc. Announces Record Earnings, Assets Break $500 Million Threshold, Directors Approve Common Stock Buyback Program.

Business Editors

Premier Bancorp, Inc. (AMEX:PPA), parent company of Premier Bank, headquartered in Doylestown, Pennsylvania announced today net income of $1,143,000 or $.32 per common share on a diluted basis for the second quarter ended June 30, 2002 compared to $565,000 or $.16 per diluted share for the same period in 2001, a 102% increase for the comparable quarter.

For the six months ended June 30, 2002, net income totaled $1,945,000 compared to $1,029,000 for the same period in 2001 representing an 89% increase. Both the quarterly and the semi-annual results set new record highs in net income for the company.

Growth in Premier Bank's core ...

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