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CONTINENTAL BANK CORP. DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK

 CHICAGO, Feb. 22 /PRNewswire/ -- The Continental Bank Corp. (NYSE: CBK) board of directors has declared a dividend of 15 cents per share on the corporation's common stock. The amount of this quarterly dividend has been the same since September 1991. The first-quarter dividend is payable on March 31, 1993, to stockholders of record at the close of business on March 11, 1993. There are approximately 53.7 million shares of Continental common stock currently outstanding.
 The board also declared a dividend of $0.9375 per share on the 1.788 million outstanding shares of the corporation's Adjustable Rate Preferred Stock, Series 1. The $1,676,250 dividend for the first quarter is payable on March 31, 1993, to stockholders of record at the close of business on March 11, 1993.
 A dividend of $2.2500 per share was declared on the 3,000,000 outstanding shares of the corporation's Adjustable Rate Cumulative Preferred Stock, Series 2, equalling $0.5625 for each depositary share. The $6,750,000 dividend is payable on March 31, 1993, to stockholders of record at the close of business on March 11, 1993.
 Continental Bank Corp. is a bank holding company that focuses on meeting the capital and financial management needs of public and privately held businesses nationwide. Through its subsidiaries, the company provides business financing, specialized financial and operating services and private banking services. Continental also engages in equity finance and investing, as both principal and arranger, and international trading, for customers and its own account.
 -0- 2/22/93
 /CONTACT: Lisa M. Hewitt, 312-923-5166, William C. Murschel, 312-923-5130, Edgar P. McDougal, 312-923-5200, all of Continental Bank Corp./
 (CBK)


CO: Continental Bank Corp. ST: Illinois IN: FIN SU: DIV

SM -- NY085 -- 9095 02/22/93 17:20 EST
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Publication:PR Newswire
Date:Feb 22, 1993
Words:293
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