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MAGNA GROUP DECLARES QUARTERLY DIVIDEND

 ST. LOUIS, July 20 /PRNewswire/ -- The board of directors of Magna Group, Inc. (NASDAQ-NMS: MAGI) declared a quarterly cash dividend of 18 cents per share of common stock and 37.5 cents per share of Class B preferred stock. The dividend on common stock is payable on Sept. 10, 1993 to stockholders of record on Aug. 15, 1993. The dividend on preferred stock is payable on Oct. 1, 1993 to stockholders of record on Sept. 15, 1993.
 Magna Group, Inc., with $3.6 billion in assets, is the third-largest bank holding company based in St. Louis and operates 85 community banking locations in Illinois and Missouri, including 61 locations within the greater St. Louis metropolitan area.
 -0- 7/20/93
 /CONTACT: Mary Scholz of Magna Group, 314-963-2545/
 (MAGI)


CO: Magna Group, Inc. ST: Missouri IN: FIN SU: DIV

SH -- NY011 -- 6563 07/20/93 08:35 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:147
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