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CALIFORNIA FEDERAL BANK DECLARES DIVIDEND ON PREFERRED STOCK

 LOS ANGELES, Oct. 21 /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 noncumulative convertible preferred stock, Series A.
 The dividend will be paid on Nov. 15, 1993, to holders of record at the close of business on Nov. 4, 1993.
 California Federal Bank, FSB, is the nation's fifth-largest publicly traded savings institution. The bank provides retail banking services through 183 savings and lending offices in California, Florida, Nevada and Georgia.
 -0- 10/21/93
 /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

EH-JB -- LA020 -- 5188 10/21/93 12:01 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:132
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