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MARK TWAIN BANCSHARES ANNOUNCES A THREE-FOR-ONE STOCK SPLIT

 ST. LOUIS, May 7 /PRNewswire/ -- The board of directors of Mark Twain Bancshares Inc. (NASDAQ: MTWN) has approved a three-for-one stock split of its common stock, par value $1.25.
 The three-for-two split will result in the distribution to all common stock shareholders of one additional share of common stock for each two shares owned of record on or about June 9, 1993.
 It is anticipated that the board of directors will declare in July a quarterly dividend of a new rate of 20 cents per share payable sometime in August. Such new rate would be the equivalent of 30 cents per share quarterly dividend on a pre-split basis, or a 3.4 percent increase on a pre-split basis. This will be the second dividend increase in 1993 and the 27th dividend increase in the 23 years since the company's public formation in 1969.
 The most recent dividend increase was in January 1993, when the company increased the dividend rate by 11.6 percent. There have been three prior common stock splits in the company's history: a three-for- two split in 1986, and two-for-one splits in 1979 and 1983.
 John Dubinsky, president and chief executive officer of Mark Twain Bancshares, Inc., stated that the stock split and anticipated future dividend increase are and will be actions by the board reflecting the continued strong earnings of the company in 1993. Dubinsky stated that the projected record year in earnings is attributable to the profitable operations of the banking division and fee income areas, moderate loan losses, and increased efficiencies of the operation.
 In the annual shareholders meeting held today, the shareholders, in addition to re-electing the nominated directors, also approved increasing the number of authorized shares of common stock from 14,000,000 to 30,000,000 shares. Approximately 4.8 million shares will be distributed in this three-for-two stock split.
 Mark Twain Bancshares Inc. is a 28-year-old bank holding company with 30 banking locations in three states: 18 throughout St. Louis, St. Louis County and St. Charles County; as well as five in Kansas City, Mo.; two in Shawnee, Kan.; and five in Belleville and Edwardsville, Ill. Mark Twain operates 43 brokerage locations in six states. Related financial services include: Mark Twain Capital Markets Group, Mark Twain Brokerage Services Inc., Mark Twain Public Finance Division, Mark Twain Commercial Finance Division, Mark Twain International Division, Mark Twain Leasing Division, Mark Twain Mortgage Division and Mark Twain Trust Division. Mark Twain stock is traded over-the-counter under the NASDAQ symbol MTWN.
 -0- 5/7/93
 /CONTACT: Carl A. Wattenberg Jr. of Mark Twain, 314-889-0707/
 (MTWN)


CO: Mark Twain Banchares Inc. ST: Missouri, Kansas, Illinois IN: FIN SU:

TM -- SF007 -- 5983 05/07/93 13:13 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:453
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