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FRANKLIN BANK DECLARES SEVENTH PREFERRED STOCK DIVIDEND

 SOUTHFIELD, Mich., June 17 /PRNewswire/ -- Franklin Bank, N.A. (NASDAQ: FSVB) announced today that the Board of Directors declared the payment of a dividend on its Series A Noncumulative Convertible Preferred Shares. A dividend of $0.225 per share will be paid on July 15, 1993, to preferred shareholders of record as of July 1, 1993.
 This is the seventh consecutive dividend paid on Franklin's Series A Preferred Shares. There are 908,000 preferred shares issued and outstanding. Franklin's preferred shares are listed and traded on the NASDAQ National Market System under the ticker symbol FSVBP.
 Franklin Bank is headquartered in Southfield and primarily serves small to medium-sized business customers and affluent individual customers in southeastern Michigan via three full-service regional branches located in Southfield, Birmingham and Grosse Pointe Woods. Franklin also serves its business customers exclusively at its Business Center in Southfield.
 -0- 6/17/93
 /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 -- DE010 -- 2994 06/17/93 10:15 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:183
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