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NEWS RE:
BULLETIN Standard Financial, Inc.
800 Burr Ridge Parkway
From: Burr Ridge, IL 60521
NASDAQ: STND
FRB
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The Financial Relations Board, Inc.
FOR FURTHER INFORMATION:
At Standard Financial: At The Financial Relations Board:
Thomas Ryan General Inquires Analyst Inquiries
Executive VP/CFO/COO Bill Murphy Brendan Fitzpatrick
(708) 986-7833 (312) 266-7800 (312) 266-7800
FOR IMMEDIATE RELEASE
STANDARD FINANCIAL TO REPURCHASE UP TO
TEN PERCENT OF ITS SHARES OUTSTANDING
Chicago,IL, July 29, 1996 -- Standard Financial, Inc. (NASDAQ:STND), the
holding company for Standard Federal Bank for savings of Chicago, today
announced that its Board of Directors has authorized the purchase of up to 10
percent of its outstanding common stock. The company has approximately
16,345,876 shares of common stock outstanding as of June 30, 1996.
The company said the purchase will be made from time to time at the
prevailing market price, through January 24, 1997, depending upon prices and
market conditions. The purchased stock will be used to fulfill the companys
obligation under a variety of its benefit plans and for general corporate
purposes.
Headquartered in Chicago, Standard Financial, Inc. is a community-oriented
institution offering a variety of retail financial services to meet the needs
of the communities it serves. The bank operates 14 full-service offices on the
southwest side of Chicago and in the nearby western and southwestern suburbs.
For more information on Standard Financial, Inc.
via facsimile at no additional cost,
simply dial 1-800-PRO-INFO and
select Company Code number 186 or
ticker symbol STND.