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DAUPHIN DEPOSIT TO SPLIT STOCK 2-FOR-1 AND INCREASE CASH DIVIDEND

 DAUPHIN DEPOSIT TO SPLIT STOCK 2-FOR-1 AND INCREASE CASH DIVIDEND
 HARRISBURG, Pa., Oct. 26 /PRNewswire/ -- The board of directors of Dauphin Deposit Corporation (NASDAQ: DAPN) voted a 2-for-1 split of the common stock and a 5 percent increase in the cash dividend to a new annual rate of $.80 on the split shares, William J. King, chairman and chief executive officer, announced today.
 The new shares will be distributed on Dec. 4, 1992, to shareholders of record Nov. 20. After the split, there will be approximately 29,703,076 shares outstanding.
 The increased quarterly dividend of $.20 per share after the stock split will be paid on Jan. 15, 1993, to shareholders of record on Dec. 24, 1992. The previous quarterly dividend rate, adjusted for the 2-for-1 split, was $.19 per share.
 Commenting on the dividend increase and the stock split, King said, "This is the 16th consecutive year Dauphin has declared a dividend increase. In this challenging economic environment, we are pleased the corporation has continued to grow and that we are able to share our increased profitability with our shareholders. Furthermore, the stock split should bring the per share price into a more favorable trading range and broaden the distribution and liquidity of Dauphin's shares in the marketplace."
 Dauphin Deposit Corporation, with $4.4 billion in assets, headquartered in Harrisburg, is central Pennsylvania's largest independent bank holding company and the parent company of Dauphin Deposit Bank and Trust Company, which includes the Bank of Pennsylvania Division and Farmers Bank and Trust Company of Hanover. Other subsidiaries of the corporation are: Farmers Bank, a Federal Savings Bank; Hopper Soliday & Co., Inc.; Dauphin Life Insurance Company; Center Square Life Insurance Company; Dauphin Investment Company; Farmers Mortgage Corporation; Financial Realty, Inc.; FARMCO Realty, Inc.; and Reliance Consumer Discount Company.
 /delval/
 -0- 10/26/92
 /CONTACT: N. Bruce Pinto, vice president of Dauphin Deposit, 717-255-2066/
 (DAPN) CO: Dauphin Deposit Corporation ST: Pennsylvania IN: FIN SU: DIV


CC-MK -- PH020 -- 4739 10/26/92 11:38 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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