Printer Friendly

FRANKLIN BANK DECLARES PREFERRED STOCK DIVIDEND

 FRANKLIN BANK DECLARES PREFERRED STOCK DIVIDEND
 SOUTHFIELD, Mich., March 30 /PRNewswire/ -- Franklin Bank, N.A.


(NASDAQ-NMS: FSVB) announced today that the board of directors has declared the payment of a quarterly dividend on its Series A Noncumulative Convertible Preferred Shares. A dividend of $0.225 per share will be paid on April 15, 1992, to preferred shareholders of record as of April 5, 1992.
 This dividend reflects a regular quarterly payment in contrast to the first dividend paid in January, which covered a six-month period.
 Franklin Bank is the only independently owned bank headquartered in Oakland County with assets between $200 million and $10 billion. Administrative offices and one regional branch are located in Southfield, with two additional regional branches in Birmingham and Grosse Pointe Woods. Total assets at Dec. 31, 1991, were $398 million.
 -0- 3/30/92
 /CONTACT: Rebecca J. Christian or Lisa Aupperle of Franklin Bank, 313-358-1615 or 800-356-8910 (outside Michigan)/
 (FSVB) CO: Franklin Bank, N.A. ST: Michigan IN: FIN SU: DIV


KK -- DE012 -- 2864 03/30/92 11:50 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 30, 1992
Words:175
Previous Article:USAIR ORDERS BOEING 757S FOR FLEET EXPANSION
Next Article:AMERICAN INTERNATIONAL GROUP ANNOUNCES EXECUTIVE DEFERRED INCOME INSURANCE
Topics:


Related Articles
GRANT STREET NATIONAL BANK (IN LIQUIDATION) DECLARES SENIOR PREFERRED STOCK DIVIDEND
FLEET/NORSTAR FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS
FIRST BANK SYSTEM DECLARES QUARTERLY DIVIDEND
PNC DECLARES DIVIDEND OF 53 CENTS ON COMMON STOCK
FLEET FINANCIAL GROUP DECLARES COMMON AND PREFERRED STOCK DIVIDENDS
FLEET FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS
NATIONAL CITY CORPORATION DECLARES QUARTERLY DIVIDENDS
FLEET FINANCIAL GROUP DECLARES QUARTERLY DIVIDENDS ON COMMON AND PREFERRED STOCK
Franklin Finance Corporation Declares First Preferred Stock Dividend
Franklin Finance Corporation Declares Third Preferred Stock Dividend

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters