Carteret Savings Bank enters fiscal year 1986 with increased growth and profitability.

CARTERET SAVINGS BANK ENTERS FISCAL YEAR 1986 WITH INCREASED GROWTH AND PROFITABILITY

Carteret Savings Bank, FA, (OTC:CFCC) like other major, regional financial companies, must continue to expand and diversify its income sources, markets and services in order to deal with unresolved economic and regulatory issues. The $5.1 billion-asset Bank, is the 15th largest publicly-owned savings institution in the United States with deposits of $4.0 billion.

Strategies for profitability

“During 1985, Carteret achieved strong operating earnings performance, expanded its newer investment areas, enlarged its system of distribution of services, and established alternative methods of capital funding,” said Robert B.