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METROPOLITAN FINANCIAL INCREASES DIVIDEND

 MINNEAPOLIS, Nov. 25 ~PRNewswire~ -- Metropolitan Financial Corporation (NYSE: MFC) announced today that its board of directors has declared $0.10 cash dividend payable on Jan. 29, 1993 to common shareholders of record on Jan. 15, 1993. The dividend of $0.10 per common share is an increase of almost 43 percent over the most recent dividend of $0.07 per share, payable Oct. 30, 1992.
 Norman M. Jones, chairman and CEO of Metropolitan, said, "The increase is indicative of the board's confidence that the company will continue its earnings and growth momentum."
 The board of directors also declared a dividend of $0.72 per share on the company's $2.875 cumulative perpetual preferred stock, Series B for shareholders of record Jan. 15, 1993 to be paid on Jan. 29, 1993.
 The Series B preferred was issued Nov. 28, 1990 as part of a Units underwriting, and began trading separately on Jan. 15, 1991.
 Metropolitan Financial Corporation is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, North Dakota, operates over 150 offices in 121 communities in six states and reported tangible, core and risk based capital ratios of 7.45 percent, 8.12 percent and 15.57 percent, respectively, on Sept. 30, 1992.
 The corporation's real estate sales and brokerage subsidiary, Edina Realty, Inc., serves Minnesota and western Wisconsin with over 1750 sales associates in 39 locations.
 Metropolitan Financial Corporation's common stock trades on the New York Stock Exchange, under the symbol MFC. The Series B preferred stock and warrant trade on the NASDAQ System under the symbols MFCNP and MFCNW, respectively.
 -0- 11~25~92
 ~CONTACT: William P. Bartkowski of Metropolitan Financial Corporation, 612-928-5003~
 (MFC)


CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU: DIV

KH -- MN003 -- 1421 11~25~92 09:51 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:303
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