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FIRST EMPIRE RELEASES FIRST QUARTER DIVIDEND

 BUFFALO, N.Y., Feb. 18 /PRNewswire/ -- First Empire State Corporation ("First Empire") (AMEX: FES) announced that its board of directors declared a regular quarterly cash dividend of 40 cents per share on First Empire's common stock. The dividend will be paid March 30, 1993 to common stockholders of record as of the close of business on March 2, 1993.
 First Empire's board of directors also declared a regular quarterly cash dividend on First Empire's 9 percent convertible preferred stock. The dividend will be paid March 31, 1993 to the preferred stockholder of record as of the close of business on March 19, 1993.
 First Empire is a $10 billion bank holding company whose subsidiaries include Manufacturers and Traders Trust Company (Buffalo, N.Y.) and The East New York Savings Bank (New York City).
 -0- 2/18/93
 /CONTACT: Gary Paul of First Empire State Corporation, 716-842-5130/
 (FES)


CO: First Empire State Corporation ST: New York IN: FIN SU: DIV

BM -- CL012 -- 7894 02/18/93 12:22 EST
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Publication:PR Newswire
Date:Feb 18, 1993
Words:168
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