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CALIFORNIA FEDERAL BANK DECLARES DIVIDEND ON PREFERRED STOCK

 LOS ANGELES, July 22 /PRNewswire/ -- California Federal Bank (NYSE: CAL) said today that its board of directors has declared a regular quarterly dividend of 48.4375 cents per share on the bank's 7.75 percent non-cumulative convertible preferred stock, Series A.
 The dividend will be paid on Aug. 16, 1993, to holders of record at the close of business on Aug. 5, 1993.
 California Federal Bank, FSB, is the nation's fifth-largest publicly traded savings institution. The bank provides retail banking services through 181 savings and lending offices in California, Florida, Nevada and Georgia.
 -0- 7/22/93
 /CONTACT: James F. Hurley, 213-930-9750, or Frank W. Moore, 213-932-4203, both of California Federal Bank/
 (CAL)


CO: California Federal Bank ST: California IN: FIN SU: DIV

BP -- LA021 -- 4580 07/22/93 13:01 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:132
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