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FIRST COLONIAL BANKSHARES CORP., CHICAGO, ANNOUNCES INCREASE IN QUARTERLY DIVIDENDS

 CHICAGO, Feb. 18 /PRNewswire/ -- The board of directors of First Colonial Bankshares Corp. (NASDAQ: FCOLA) voted to increase the regular quarterly dividend 10 percent on Class A common stock to $.1375 per share and 6 percent on Class B common stock to $.11 per share. The dividend is payable April 9, 1993, to holders of record March 31, 1993. The annual dividend on Class A common stock will now be $.55.
 Currently, First Colonial has 8.0 million shares of Class A common stock and 1.6 million shares of Class B common stock outstanding.
 The $1.6 billion asset First Colonial Bankshares Corp. owns 16 banks with 23 locations throughout the Chicago area, and also operates several other non-bank subsidiaries, including Mid-States Financial Corp., a commercial leasing firm, First Colonial Trust Company and First Colonial Investment Services, Inc.
 -0- 2/18/93
 /CONTACT: Stephen Daniels of First Colonial Bankshares, 312-419-9891/
 (FCOLA)


CO: First Colonial Bankshares Corp. ST: Illinois IN: FIN SU: DIV

SM -- NY090 -- 8117 02/18/93 17:03 EST
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Publication:PR Newswire
Date:Feb 18, 1993
Words:172
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