The discovery of accounting errors in its books for 1994 and the first quarter of 1995 has prompted a small Connecticut bank to reduce its reported earnings for both periods.

Hometown Bancorp, holding company for Bank of Darien, is conducting a full internal review of results last year and in this year's first quarter. The $224 million-asset company is also working with its independent accountant, Price Waterhouse & Co. in Stamford, to examine and restate its earnings.

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