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FRANKLIN BANK DECLARES SECOND CASH DIVIDEND ON COMMON STOCK

 SOUTHFIELD, Mich., July 21 /PRNewswire/ -- Franklin Bank's (NASDAQ: FSVB) Board of Directors today declared the payment of a cash dividend to common shareholders. A dividend of $0.05 per share will be paid on Aug. 15, 1993, to common shareholders of record as of Aug. 2, 1993.
 This is the second consecutive cash dividend paid to Franklin's common shareholders. At June 30, 1993, there were 1,370,031 common shares outstanding.
 Franklin Bank had assets of $387.2 million at June 30, 1993. The bank's Executive Office and one regional branch are headquartered in Southfield, with other regional branches in Birmingham and Grosse Pointe Woods. In addition, in May, Franklin opened a new Business Center in Southfield exclusively to serve its growing business customer base.
 -0- 7/21/93
 /CONTACT: Rebecca J. Christian or Lisa Hudy of Franklin Bank, 313-358-6462 or (outside Michigan) 800-356-8910/
 (FSVB)


CO: Franklin Bank, N.A. ST: Michigan IN: FIN SU: DIV

JG -- DE013 -- 3926 07/21/93 12:05 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:165
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