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DAUPHIN DEPOSIT INCREASES CASH DIVIDEND 15 PERCENT

 HARRISBURG, Pa., Oct. 25 /PRNewswire/ -- Dauphin Deposit Corporation (NASDAQ: DAPN) today announced that its board of directors declared a 15 percent increase in the cash dividend to a new annual rate of $.92 per share.
 The increased quarterly dividend of $.23 per share will be paid on Jan. 14, 1994 to shareholders of record Dec. 23, 1993. The previous dividend rate was $.20 per share.
 Commenting on the dividend increase, William J. King, chairman and chief executive officer said, "This is the 17th consecutive year Dauphin has declared a dividend increase. Coupled with our exceptionally strong capital position, this sizable 15 percent increase represents the board's confidence in our current market position and the Corporation's future prospects for continued growth. We are pleased to be able to share our increased profitability with our shareholders."
 Dauphin Deposit Corporation, headquartered in Harrisburg, is the parent company of Dauphin Deposit Bank and Trust Company, which includes the Bank of Pennsylvania Division, and Farmers Bank and Trust Company of Hanover. Other subsidiaries of Dauphin are: Farmers Bank, a Federal Savings Bank; Hopper Soliday & Co., Inc.; Dauphin Life Insurance Company; Dauphin Investment Company; Farmers Mortgage Corporation; Financial Realty, Inc.; and FARMCO Realty, Inc.
 /delval/
 -0- 10/25/93
 /CONTACT: N. Bruce Pinto, vice president, of Dauphin Deposit, 717-255-2066/
 (DAPN)


CO: Dauphin Deposit Corporation ST: Pennsylvania IN: FIN SU: DIV

MJ -- PH023 -- 6362 10/25/93 13:09 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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