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FIRST AMERICAN DECLARES DIVIDEND

 NASHVILLE, Tenn., Nov. 19 ~PRNewswire~ -- The board of directors of First American Corporation (NASDAQ-NMS: FATN) today declared a quarterly cash dividend of $.10 per share on its common stock, which is payable on Dec. 31, 1992, to shareholders of record on Dec. 15, 1992.
 First American reinstated a dividend during the third quarter of 1992. The dividend was suspended in the second quarter of 1990.
 "First American continues to show improvements in financial results," said Dennis C. Bottorff, president and CEO. "The dividend declared today is further indication of the strong turnaround that First American is making."
 The company also announced approval by the board of an amendment to its dividend reinvestment plan. Among other matters, the amendment increased from $2,000 to $5,000 per quarter the amount of optional cash payments which shareholders may make to the plan to acquire additional shares of the company. Under First American's dividend reinvestment plan, shareholders may elect to have all or a portion of their dividends reinvested into shares of the company. They may also make additional cash payments to acquire shares of the company.
 First American's stock is traded in the over-the-counter securities market and is quoted on the NASDAQ National Market System under the symbol FATN.
 First American Corporation is the parent company of First American National Bank, First American Trust Company and First American Community Development Corporation. Some 3,000 persons work for First American in 135 banking offices across Tennessee.
 -0- 11~19~92
 ~CONTACT: (Financial) Carroll Kimball, 615-748-2455, or (Media) Vicki Kessler or Janeen Gregory, 615-748-2912, all of First American Corporation~
 (FATN)


CO: First American Corporation ST: Tennessee IN: FIN SU: DIV

SB -- CH006 -- 3146 11~19~92 17:30 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:285
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