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CONTINENTAL SAVINGS OF AMERICA ANNOUNCES CASH DIVIDENDS ON ITS COMMON SHARES AND ITS PREFERRED SHARES

 SAN FRANCISCO, Sept. 2 /PRNewswire/ -- Continental Savings of America's (NASDAQ: CSAV) Chairman, President and Chief Executive Officer Charles A. Chenes announced that Continental's board of directors has approved the payment of the second semi-annual dividend on its Series A Noncumulative Convertible Preferred Stock, in the amount of 36 cents per share, payable on Oct. 30, 1993, to shareholders of record as of Sept. 17, 1993. The board also approved payment of a dividend on its common stock of 2 cents per share to shareholders of record as of Sept. 30, 1993, payable on Oct. 12, 1993.
 Continental Savings (CSAV) is a federally chartered, publicly owned, stock savings and loan association headquartered in San Francisco with assets of $510 million. The company operates six savings branch offices in the San Francisco Bay Area, and 24 loan origination offices in Northern and Southern California, New York and Texas. Its principal business consists of originating loans secured by existing single-family residences for sale in the secondary mortgage market.
 -0- 9/2/93
 /CONTACT: Ralph Christy of Continental Savings, 415-274-3043/
 (CSAV)


CO: Continental Savings of America ST: California IN: FIN SU: DIV

TM-LH -- SF002 -- 8199 09/02/93 06:00 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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