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CRESTAR FINANCIAL CORPORATION INCREASES DIVIDEND ON COMMON STOCK

 RICHMOND, Va., Jan. 22 /PRNewswire/ -- The board of directors of Crestar Financial Corporation (NASDAQ: CRFC) today declared a 25 percent increase in the dividend on Crestar's common stock. The dividend is now $.25 per share, and is payable Feb. 19, 1993 to shareholders of record on Feb. 1, 1993.
 Crestar Financial Corporation is the holding company for three banks with 289 banking offices in Virginia, Maryland, and the District of Columbia. Other subsidiaries provide insurance, brokerage, mortgage banking, and investment advisory services. At Dec. 31, 1992, Crestar had total assets of $12.7 billion and total deposits of $9.6 billion.
 -0- 1/22/93
 /CONTACT: Eugene S. Putnam Jr., investor relations, 804-782-5619, or Cheryl Jenkins, corporate communications, 804-782-5377, both of Crestar Financial Corporation/
 (CRFC)


CO: Crestar Financial Corporation ST: Virginia IN: FIN SU: DIV

AW-JB -- CH009 -- 7937 01/22/93 13:10 EST
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Publication:PR Newswire
Date:Jan 22, 1993
Words:144
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