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Press Release Dated August 2, 1995
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[COMMERCIAL FEDERAL LOGO APPEARS HERE]
NEWS RELEASE
Date: August 2, 1995
Contact: Stan R. Blakey
Vice President and Director of Investor Relations
(402) 390-6553
FOR IMMEDIATE RELEASE
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COMMERCIAL FEDERAL BEGINS TRADING ON
THE NEW YORK STOCK EXCHANGE
Omaha, Nebraska (August 2, 1995) - Commercial Federal Corporation's common
stock began trading on the New York Stock Exchange (NYSE) effective
today--August 2, 1995. Commercial Federal's chairman of the board and chief
executive officer, William A. Fitzgerald, along with the Company's president and
chief operatig officer, James A. Laphen, attended the August 2, 1995, "first
day" trading ceremonies on the floor of the NYSE. Commercial Federal's common
stock trades under the symbol "CFB" on the NYSE.
"This move to the New York Stock Exchange is a reflection of Commercial
Federal's strong financial performance, growth and future prospects," said
Fitzgerald. "During the past two years, Commercial Federal has generated record
income from its core banking operaions; has initiated five strategic
acquisitions which have significantly enhanced its regional franchise; and has
substantially strengthened each of its key operating trends. Being listed on the
NYSE will provide the Company with greater visibility in the investment
community and enable us to tell the `Commercial Federal story`--a very positive
story--to a broader investor base," Fitzgerald added.
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The Company will release its fiscal year 1995 earnings--for the fourth
quarter and year ended June 30, 1995--on or about August 8, 1995.
"Listing on the NYSE is an exciting and significant step in Commercial
Federal's ongoing drive toward becoming one of the premiere regional financial
institutions in this country," said Fitzgerald. "This is a very positive
development for the Company and for all of our shareholders."
Commercial Federal Corporation, with assets of $6.0 billion, is the
parent company of Commercial Federal Bank, a federal saving bank, which operates
72 retail offices in the states of Nebraska (30), Colorado (20), Oklahoma (17)
and Kansas (5). The Company is currently awaiting regulatory approval on its
acquisition of Railroad Financial Corporation, which will add 18 retail branches
throughout Kansas to Commercial Federal's franchise. In addition to retail
banking, Commercial Federal operations include mortgage banking, consumer
financing, insurance and stock brokerage.