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FIRST EMPIRE DIRECTOR BECOMES CHAIRMAN OF SEC

 BUFFALO, N.Y., July 28 /PRNewswire/ -- Arthur Levitt, Jr., a director of First Empire State Corporation (AMEX: FES) ("First Empire"), was sworn in yesterday as a commissioner of the Securities and Exchange Commission and designated as its chairman by the President. He was appointed to serve a five-year term as head of the regulatory body.
 Because the Securities and Exchange Commission establishes and enforces rules with respect to publicly traded companies, Levitt has resigned from the board of directors of First Empire, a position he has held since 1988. He has also resigned from the board of directors of The East New York Savings Bank, a First Empire subsidiary, where he has served since 1968. Both resignations are effective today.
 First Empire State Corporation is a $10 billion bank holding company whose subsidiaries include Manufacturers and Traders Trust Company ("M&T" Bank," Buffalo, N.Y.), and The East New York Savings Bank (New York, N.Y.).
 -0- 7/28/93
 /CONTACT: Gary S. Paul, First Empire State Corporation, 716-842-5130/
 (FES)


CO: First Empire State Corporation ST: New York IN: FIN SU: PER

LC -- CL023 -- 6904 07/28/93 16:18 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
Words:191
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