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CONTINENTAL BANK DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK

 CONTINENTAL BANK DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK
 CHICAGO, May 28 /PRNewswire/ -- The Continental Bank Corp. (NYSE: CBK) board of directors announced today that it has declared a dividend of 15 cents per share on the corporation's common stock. The amount of this quarterly dividend has been the same since September 1991. The second-quarter dividend is payable on June 30, 1992, to stockholders of record at the close of business on June 11, 1992. There are approximately 53.7 million shares of Continental common stock currently outstanding.
 The board also declared a dividend of $0.9375 per share on the 1.788 million outstanding shares of the corporation's adjustable rate preferred stock, Series 1. The $1,676,250 dividend for the second quarter is payable on June 30, 1992, to stockholders of record at the close of business on June 11, 1992.
 A dividend of $2.3750 per share was declared on the 3 million outstanding shares of the corporation's adjustable rate cumulative preferred stock, Series 2, equalling $0.59375 for each depository share. The $7,125,000 dividend is payable on June 30, 1992, to stockholders of record at the close of business on June 11, 1992.
 Continental Bank Corp. is a bank holding company that focuses on meeting the capital and financial management needs of public and privately held businesses nationwide. Through its subsidiaries, the company provides business financing, specialized financial and operating services and private banking services. Continental also engages in equity finance and investing, as both principal and arranger, and international trading, for customers and its own account.
 -0- 5/28/92
 /CONTACT: Edgar P. McDougal, 312-923-5200, or Lisa M. Hewitt, 312-923-5166, both of Continental Bank/
 (CBK) CO: Continental Bank Corp. ST: Illinois IN: FIN SU: DIV


TS -- NY051 -- 4732 05/28/92 12:08 EDT
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Publication:PR Newswire
Date:May 28, 1992
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