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FIRST FEDERAL DECLARES STOCK AND CASH DIVIDEND

 LAKEWOOD, Colo., Sept. 27 /PRNewswire/ -- Citing an increase of over $21 per share since its initial offering in July of 1992 at $10 per share, Chairman and Chief Executive Officer Malcolm Collier announced today that First Federal Savings Bank of Colorado (NASDAQ-NMS: FFBA) has declared a three-for-two stock split.
 The split will be paid to shareholders of record on Oct. 12, 1993 in the form of a 50 percent stock dividend on the bank's common stock.
 In addition, the board also declared First Federal's regular quarterly cash dividend of 20 cents per share, to be paid on Oct. 20, 1993, to shareholders or record on Oct. 12, 1993, prior to the stock dividend.
 -0- 9/27/93
 /CONTACT: Malcolm Collier or Brian Johnson of First Federal Savings Bank of Colorado, 303-232-2121/
 (FFBA)


CO: First Federal Savings Bank of Colorado ST: Colorado IN: FIN SU: DIV

MC -- DV003 -- 5894 09/27/93 11:27 EDT
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Publication:PR Newswire
Date:Sep 27, 1993
Words:154
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