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
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|Date:||Mar 30, 1992|
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