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FIRST FIDELITY DECLARES DIVIDENDS ON PREFERRED STOCK

 LAWRENCEVILLE, N.J., Feb. 18 /PRNewswire/ -- The board of directors of First Fidelity Bancorporation (NYSE: FFB) today approved payment of the regular quarterly dividends on all classes of its preferred stock.
 First Fidelity Bancorporation Series B Convertible Preferred Stock will pay a dividend of $.5375 per share on April 1, 1993, to shareholders of record at the close of business on March 1.
 First Fidelity Bancorporation Series D Adjustable Rate Cumulative Preferred Stock will pay a dividend of $1.78 per share on April 1, 1993, to shareholders of record at the close of business on March 1.
 First Fidelity Bancorporation Series F 10.64 percent Preferred Stock will pay a dividend of $.665 per depositary share on April 1, 1993, to shareholders of record at the close of business on March 1.
 First Fidelity is the largest banking organization headquartered in New Jersey. With more than 550 branches in eastern Pennsylvania, New Jersey and New York, its principal affiliates are the First Fidelity banks in New Jersey and New York, Fidelity Bank of Philadelphia, Merchants Bank of Allentown, Pa., and Merchants Bank (North) of Wilkes-Barre, Pa.
 /delval/
 -0- 2/18/93
 /CONTACT: Paul J. Levine (media), 201-565-2949, or Laura A. Schaible (analysts), 201-565-3397, both of First Fidelity Bancorporation/
 (FFB)


CO: First Fidelity Bancorporation ST: New Jersey, New York, Pennsylvania IN: FIN SU: DIV

MK -- PH021 -- 7892 02/18/93 12:20 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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