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FIRST CHARTER CORPORATION DECLARES 20 PERCENT STOCK DIVIDEND, RAISES REGULAR QUARTERLY DIVIDEND

 FIRST CHARTER CORPORATION DECLARES 20 PERCENT STOCK DIVIDEND,
 RAISES REGULAR QUARTERLY DIVIDEND
 CONCORD, N.C., Oct. 15 /PRNewswire/ -- First Charter Corporation (NASDAQ-NMS: FCTR), Concord, N.C., the holding company for First Charter National Bank, announced today that the Board of Directors authorized the Corporation to issue a 20 percent Common Stock Dividend. A cash dividend of $.10 per share also was declared on the shares of Common Stock outstanding after the stock dividend, which represents an approximate 11 percent increase over the prior quarter's dividend. The stock and cash dividends are effective for shareholders of record on Dec. 18, 1992 and will be paid on Jan. 15, 1993.
 First Charter National Bank, the principal subsidiary of First Charter Corporation with headquarters in Concord, N.C., provides a full range of retail and commercial banking services. The Trust Department also offers a broad range of personal and employee benefit services. The bank serves markets throughout the Southern Piedmont.
 The common stock of First Charter Corporation is traded on the NASDAQ National Market System under the symbol "FCTR". For information on specific offerings, contact: Dean Witter Reynolds, Inc. (Larry Biggers, 1-800-786-0006), Koonce Securities, Inc. (Lewis Sosnowik, 1-800-368-2802), Legg Mason (A. Paul Newton, 1-800-628-5770), and Interstate/Johnson Lane Corporation (Connie Bailey, 1-800-929-0747).
 -0- 10/15/92
 /CONTACT: Lawrence M. Kimbrough, First Charter Corporation, 704-786-3300/
 (FCTR) CO: First Charter Corporation ST: North Carolina IN: FIN SU: DIV


MM -- CH013 -- 0643 10/15/92 16:43 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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