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CENTRAL MORTGAGE BANCSHARES INCREASES QUARTERLY DIVIDEND, ELECTS TWO ADDITIONAL DIRECTORS

 CENTRAL MORTGAGE BANCSHARES INCREASES QUARTERLY DIVIDEND,
 ELECTS TWO ADDITIONAL DIRECTORS
 KANSAS CITY, Mo., Nov. 12 /PRNewswire/ -- Central Mortgage Bancshares, Inc. (NASDAQ: CMBI), announced today that its board of directors declared a quarterly dividend of 9 cents ($0.09) per share on its common stock. The dividend will be paid on Dec. 15, 1992, to shareholders of record at the close of business on Dec. 1, 1992.
 The Dec. 15, 1992, dividend will be 80 percent higher than that paid on Sept. 15, 1992.
 The board also elected two outside directors at the Nov. 12 board meeting. Randolph K. Rolf, chairman, president and CEO of Unitog Company, Kansas City, will serve as a Class C director whose term expires 1995. Roger A. Novak, CPA, is president of Novak, Birks, Brandon & Company, PC, headquartered in Blue Springs, Mo. He will be a Class B director who's term expires in 1994.
 Central Mortgage Bancshares, Inc., is a multi-bank holding company engaged primarily in banking and mortgage banking businesses in the greater Kansas City area and in certain southwestern Missouri communities. The company's lead bank, Citizens-Jackson County Bank, is located in urban Kansas City, suburban eastern Jackson County, and Warrensburg, Mo. The company's other subsidiary banks are: Barton County State Bank, located in Lamar, Mo.; Citizens State Bank of Nevada, located in Nevada, Mo.; and Farmers Bank of Stover, located in Stover and Gravios Mills, Mo. The principal offices of the Mortgage Division are located in Springfield, Mo., with additional locations in Blue Springs and Joplin, Mo.
 -0- 11/12/92
 /CONTACT: Lynn A. Harmon, chairman, Centeral Mortgage Banshares, Inc., 816-229-2201/
 (CMBI) CO: Central Mortgage Bancshares, Inc. ST: Missouri IN: FIN SU: DIV PER


TW -- DC011 -- 0261 11/12/92 14:23 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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