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MID AM, INC. DECLARES STOCK DIVIDEND

 MID AM, INC. DECLARES STOCK DIVIDEND
 BOWLING GREEN, Ohio, July 17 /PRNewswire/ -- Edward J. Reiter,


chairman and chief executive officer of Mid Am, Inc. (NASDAQ: MIAM,MIAMP) announced that the board of directors declared a ten percent common stock dividend payable Aug. 14, 1992 to shareholders of record on July 30, 1992. This stock dividend will be payable to more than 4,350 shareholders.
 The directors also announced record dates for its $1.8125 Cumulative Convertible Preferred Stock, Series A dividends of August 12th for the September 1st dividend and November 11th for the December 1st dividend.
 In July, Mid Am, Inc. announced net income for the second quarter of $3.2 million and year-to-date earnings of $6.4 million. Mid Am, Inc. also announced a definitive agreement this week in which it will acquire Apollo Savings & Loan Company, a $93 million state-chartered thrift, with offices in the Cincinnati area. Pending acquisitions include Ultra Bancorp, Xenia, Ohio, a $200 million thrift holding company, the Marysville, Ohio branch of Savings of America, a $25 million banking center, and four offices of Society Bank & Trust in Napoleon, Liberty Center, and Montpelier.
 Mid Am, Inc. is the largest locally headquartered holding company in its market area with assets in excess of $1.2 billion. Mid Am owns Mid American National Bank & Trust Company, Bowling Green; First National Bank, Northwest Ohio, Bryan; The Farmers Banking Company, N.A., Lakeview; The Citizens Loan & Building Company, Lima; and Mid Am Information Services, Inc., the company's data processing affiliate, located in Bowling Green.
 -0- 7/17/92
 /CONTACT: Patricia W. Spengler, senior vice president/corporate development of Mid Am, Inc., 419-352-5271/
 (MIAM, MIAMP) CO: Mid Am, Inc. ST: Ohio IN: FIN SU: DIV


BM -- CL011 -- 0138 07/17/92 10:21 EDT
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Publication:PR Newswire
Date:Jul 17, 1992
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