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Press Release:
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The Baraboo Bancorporation, Inc. (OTCBB: BAOB) announced
earnings per share of $.904 for the six months ended June 30, 2008 compared
to June 30, 2007 earnings per share of $.849, an increase of 6.47%. Net
Income for the first six months of 2008 was $4,257,000 compared to
$4,170,000 for the same period one year earlier. Total assets were $787,000,000
as of June 30, 2008 compared to $752,000,000 on June 30, 2007.
Merlin E. Zitzner, CEO and Chairman of the Board of The
Baraboo Bancorporation, Inc. stated that
“The earnings per share for the first six months of the year
increased by 6.47% over the same period last year because of an increase in
net interest income, non-interest income and the repurchase of The Baraboo
Bancorporation, Inc. stock. The Baraboo Bancorporation, Inc. continues to
increase earnings and shareholder value by offering the customer excellent
service at a reasonable price”.
The Baraboo Bancorporation, Inc. is a Wisconsin multi-bank holding
company, offering complete banking and related financial services to both
individual and business customers.
The company owns and operates two independent community banks with a
total of 17 locations in Baraboo, Portage, Reedsburg, Green Lake, Lake
Delton, Minocqua, Rock Springs, Viroqua, Wonewoc, Elcho, Rhinelander and
Fond du Lac, Wisconsin.
Howe Barnes Investments, Inc. (1-800-800-4693) makes a
market in BAOB stock
Further information about The Baraboo Bancorporation can
be received by calling Lisa McClyman at 608-356-7703 ext 3258.
The selected unaudited consolidated financial
information was prepared in accordance with regulatory accounting
principals, which may differ in some cases from GAPP accounting principals
used to prepare the audited consolidated financial statements. The results are for the third quarter of
the year and are not necessarily indicative of the results for the entire
year. This financial information is
subject to normal audit adjustments.
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