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MANUFACTURERS' DIRECTORS DECLARE DIVIDEND

 MANUFACTURERS' DIRECTORS DECLARE DIVIDEND
 DETROIT, May 15 /PRNewswire/ -- The board of directors of


Manufacturers National Corporation (NASDAQ-NMS: MNTL) today declared a quarterly dividend of $.33 per share, payable June 30, 1992, to shareholders of record June 15, 1992.
 The directors also declared a special dividend of $.05 per share, payable June 30, 1992, to shareholders of record June 15, 1992, contingent upon Federal Reserve Board approval on or before May 29, 1992, of the proposed merger of Manufacturers National Corporation and Comerica Incorporated (NYSE: CMA).
 Manufacturers National Corporation is a bank holding company headquartered in Detroit. It operates in Michigan, principally through Manufacturers Bank, N.A., and in the metropolitan Chicago area through Affiliated Bank. The corporation also operates other financial subsidiaries in Delaware, Florida and Illinois.
 On March 6, Manufacturers and Comerica received shareholder approval of the proposed merger announced in October 1991. The corporations await regulatory approval.
 -0- 5/15/92
 /CONTACT: Sharon R. McMurray, 313-222-4881, or Michael T. Maurer, 313-222-4732, both of Manufacturers National Corporation/
 (MNTL CMA) CO: Manufacturers National Corporation ST: Michigan IN: FIN SU: DIV


KK -- DE016 -- 0779 05/15/92 13:15 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 15, 1992
Words:189
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