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FRANKLIN BANK DECLARES THIRD CONSECUTIVE CASH DIVIDEND ON COMMON STOCK

 SOUTHFIELD, Mich., Oct. 28 /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 Nov. 22, 1993, to common shareholders of record as of Nov. 8, 1993.
 This is the third consecutive cash dividend paid to Franklin's common shareholders. At Sept. 30, 1993, there were 1,370,191 common shares outstanding.
 Franklin Bank had assets of $388.0 million at Sept. 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- 10/28/93
 /CONTACT: Rebecca J. Christian or Lisa Hudy of Franklin Bank, 313-358-6462, or outside Michigan, 800-356-8910/
 (FSVB)


CO: Franklin Bank ST: Michigan IN: FIN SU: DIV

JG -- DE003 -- 7747 10/28/93 09:18 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:163
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