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CONTINENTAL BOARD OF DIRECTORS DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK

 CONTINENTAL BOARD OF DIRECTORS DECLARES
 DIVIDENDS ON COMMON AND PREFERRED STOCK
 CHICAGO, Dec. 16 /PRNewswire/ -- The Continental Bank Corp. (NYSE: CBK) board of directors has declared a dividend of 15 cents per share on the corporation's common stock. The fourth-quarter dividend is payable on Dec. 31, 1991, to stockholders of record at the close of business on Dec. 26, 1991. There are 53,766,758 shares of Continental common stock currently outstanding.
 The board also declared a dividend of $0.9375 per share on the 1,788,000 outstanding shares of the corporation's adjustable rate preferred stock, Series 1. The $1,676,250 dividend for the fourth quarter is payable on Dec. 31, 1991, to stockholders of record at the close of business on Dec. 26, 1991.
 A dividend of $2.3750 per share was declared on the 3,000,000 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 Dec. 31, 1991, to stockholders of record at the close of business on Dec. 26, 1991.
 -0- 12/16/91
 /NOTE TO EDITORS: Continental Bank Corp. is a market-driven bank holding company devoted to serving corporations, institutional investors and individuals with complex financial requirements. Through its subsidiaries, the corporation arranges financing, makes markets, manages financial risk and processes cash and securities on behalf of its customers in key capital markets worldwide./
 /CONTAT: Edgar P. McDougal, 312-923-5200, or William C. Murschel, 312-923-5130, both of Continental Bank/
 (CBK) CO: Continental Bank Corp. ST: Illinois IN: FIN SU: DIV


PS -- NY099 -- 2778 12/16/91 23:16 EST
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Publication:PR Newswire
Date:Dec 16, 1991
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