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FIRST EMPIRE DECLARES DIVIDEND

 FIRST EMPIRE DECLARES DIVIDEND
 BUFFALO, N.Y., July 22 /PRNewswire/ -- First Empire State


Corporation ("First Empire") (AMEX: FES) announced that its board of directors yesterday declared a regular quarterly cash dividend of 40 cents per share on First Empire's common stock. The dividend will be paid on Sept. 22, 1992 to common stockholders of record as of the close of business on Sept. 1, 1992.
 First Empire's board of directors also declared a regular quarterly cash dividend on First Empire's 9 percent convertible preferred stock. The dividend will be paid Sept. 30, 1992 to the preferred stockholder of record as of the close of businesss on Sept. 19, 1992.
 First Empire is a $10 billion bank holding company whose subsidiaries include Manufacturers and Traders Trust Company (Buffalo, N.Y.) and The East New York Savings Bank (New York City, N.Y.).
 -0- 7/22/92
 /CONTACT: Gary Paul of First Empire State Corporation, 716-842-5130/
 (FES) CO: First Empire State Corporation ST: New York IN: FIN SU: DIV


KK -- CL004 -- 1677 07/22/92 08:25 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
Words:176
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