PRESS RELEASE                           June 7, 1996

For more information contact:
Robert L. Savage, President
Tri-County Federal Savings Bank
2201 Main Street, P.O. Box 1057
Torrington, WY  82240
(307)532-2111

          TRI-COUNTY BANCORP, INC. ANNOUNCES
     THE COMPLETION OF ITS STOCK REPURCHASE PROGRAM

Torrington, Wyoming -- June 7, 1996 -- Tri-County Bancorp, Inc.,
Torrington, Wyoming (the "Company"), the parent holding company
of Tri-County Federal Savings Bank (the "Savings Bank"),
announced today that the Company had successfully completed its
fourth stock repurchase program.  The Company repurchased 32,039,
or 5% of its outstanding common stock over the last eight weeks
in six open market transactions.

As of June 7, 1996, the Company had 608,749 shares of common
stock outstanding which is net of the shares repurchased.  The
repurchased stock was obtained at an average price of $18.32 per
share.  With the common stock currently trading at 86 percent
of book value, the Company's Board believes that the purchase of
its own stock was an excellent investment.