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CRESTAR FINANCIAL CORPORATION INCREASES DIVIDEND ON COMMON STOCK

 RICHMOND, Va., Oct. 22 /PRNewswire/ -- The board of directors of Crestar Financial Corporation (NYSE: CF) today declared an 18 percent increase in the dividend on Crestar's common stock. The dividend is now 33 cents per share, or $1.32 on an annual basis, and is payable Nov. 19, 1993, to shareholders of record on Nov. 1, 1993.
 This is the third increase this year and restores the divided to its pre-Recession value.
 Crestar Financial Corporation is the holding company for three banks with 302 banking offices in Virginia, Maryland and the District of Columbia. Other subsidiaries provide insurance, discount brokerage, mortgage banking and investment advisory services. At Sept. 30, 1993, Crestar had total assets of $13.0 billion and total deposits of $9.9 billion. Equity capital of $1.1 billion represented 8.43 percent of total assets.
 -0- 10/22/93
 /CONTACT: Eugene S. Putnam Jr., Investor Relations, 804-782-5619, or Cheryl Jenkins, Corporate Communications, 804-782-5377, both of Crestar/
 (CF)


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

KD-IH -- DC019 -- 5731 10/22/93 12:29 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:179
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