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FIRST FIDELITY DECLARES DIVIDENDS ON PREFERRED STOCK

 LAWRENCEVILLE, N.J., May 20 /PRNewswire/ -- The Board of Directors of First Fidelity Bancorporation (NYSE: FFB) today approved payment of the regular quarterly dividends on all classes of its preferred stock.
 First Fidelity Bancorporation Series B Convertible Preferred Stock will pay a dividend of $.5375 per share on July 1, 1993, to shareholders of record at the close of business on June 1.
 First Fidelity Bancorporation Series D Adjustable Rate Cumulative Preferred Stock will pay a dividend of $1.5875 per share on July 1, 1993, to shareholders of record at the close of business on June 1.
 First Fidelity Bancorporation Series F 10.64 percent Preferred Stock will pay a dividend of $.665 per depositary share on July 1, 1993, to shareholders of record at the close of business on June 1.
 First Fidelity is among the 25 largest banking companies in the United States. With more than 600 branches in Connecticut, New Jersey, New York and Pennsylvania, its principal affiliates are the Union Trust Company, of Stamford, Connecticut; the First Fidelity banks in New Jersey and New York and, in Pennsylvania, Fidelity Bank of Philadelphia, Merchants Bank of Allentown, and Merchants Bank (North) of Wilkes-Barre.
 /delval/
 -0- 5/20/93
 /CONTACT: Paul J. Levine (media), 201-565-2949, or Laura A.


Schaible (analysts), 201-565-3397, both of First Fidelity/
 (FFB)


CO: First Fidelity Bancorporation ST: New Jersey IN: FIN SU: DIV

JM -- PH025 -- 0769 05/20/93 12:17 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:239
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