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FIRST COLONIAL BANKSHARES, CHICAGO, ANNOUNCES INCREASE IN QUARTERLY DIVIDENDS

 FIRST COLONIAL BANKSHARES, CHICAGO, ANNOUNCES
 INCREASE IN QUARTERLY DIVIDENDS
 CHICAGO, Feb. 28 /PRNewswire/ -- The board of directors of First Colonial Bankshares Corp. (NASDAQ: FCOLA) voted to increase the regular quarterly dividend to $.125 per share on Class A common stock and $.104 per share on Class B common stock, it was announced today. The dividend is payable on April 10, 1992, to holders of record March 31. The annual dividend on Class A common stock will now be $.50.
 Currently, First Colonial has 7.8 million shares of Class A common stock and 1.6 million shares of Class B common stock outstanding.
 The $1.6 billion asset First Colonial Bankshares Corp. owns 16 banks with 23 locations throughout the Chicago area and also operates several other non-bank subsidiaries, including Mid-States Financial Corp., a commercial leasing firm, First Colonial Trust Company and First Colonial Investment Services, Inc.
 -0- 2/28/92
 /CONTACT: Thomas Maier of First Colonial Bankshares, 312-419-9891/
 (FCOLA) CO: First Colonial Bankshares Corp. ST: Illinois IN: FIN SU: DIV


CK -- NY033 -- 3712 02/28/92 12:18 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:180
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