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METROPOLITAN FINANCIAL TO PAY STOCK DIVIDEND

 MINNEAPOLIS, May 5 /PRNewswire/ -- The board of directors of Metropolitan Financial Corporation (NYSE: MFC) today declared a 10 percent stock dividend to be paid on July 12, 1993 to common stock shareholders of record on July 1, 1993.
 Norman M. Jones, chairman of the board and chief executive officer of the company, said, "This stock dividend continues our tradition since 1985 of rewarding our shareholders for their loyalty and support with stock dividends."
 Metropolitan Financial distributed earlier stock dividends of 10 percent in 1985, 1987, 1988, 1989 and 1990, 20 percent in 1991, a three- for-two stock dividend in 1986, and a two-for-one stock dividend in 1992. The company has paid cash dividends every quarter since the initial public offering in March, 1983, and has increased that cash dividend annually since 1985.
 Earlier this quarter, Metropolitan announced that it will distribute the stock of its Edina Realty subsidiary to shareholders in what is expected to be a tax-free spin-off. The Edina Realty distribution is expected to be completed before year end. Originally corporate officers stated that for each 100 shares Metropolitan Financial Corporation common stock a shareholder owned they would receive approximately seven shares of Edina Realty stock. That number will be adjusted as appropriate to reflect the stock dividend.
 Metropolitan Financial Corporation, Minneapolis, Minnesota, is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, North Dakota, operates over 160 offices in the states of Minnesota, North Dakota, South Dakota, Nebraska, Iowa, Wisconsin and Arizona. The company has 28 million shares of common stock outstanding and is listed on the New York Stock Exchange under the symbol MFC.
 -0- 5/5/93
 /CONTACT: William P. Bartkowski of Metropolitan Financial Corporation, 612-928-5000/
 (MFC)


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

KH -- MN010 -- 4891 05/05/93 13:02 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:309
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