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FIRST FIDELITY DECLARES REGULAR COMMON DIVIDEND OF $.37 PER SHARE; BOARD AUTHORIZES ANNUAL REPURCHASES OF TWO PERCENT OF COMMON STOCK

 LAWRENCEVILLE, N.J., Oct. 21 /PRNewswire/ --The board of directors of First Fidelity Bancorporation (NYSE: FFB) today approved payment of the regular quarterly dividend of $.37 per share on the common stock on Nov. 5, 1993, to shareholders of record at the close of business on Nov. 1, 1993.
 The board also authorized the repurchase by the company of up to two percent of the outstanding common stock in any one calendar year. This is in addition to existing stock repurchase programs for the company's dividend reinvestment and stock option plans.
 Purchases would be made from time to time as market conditions make such purchases attractive for shareholders.
 Last Thursday, First Fidelity reported third quarter 1993 record earnings of $101.5 million, a 23.3 percent increase from third quarter 1992 earnings of $82.3 million. Earnings per share on a fully diluted basis for the quarter were $1.15, up from $1.01 per share in the third quarter of 1992.
 First Fidelity, one of the 25 largest banking companies in the country, operates more than 600 offices through its principal affiliates, Union Trust Company, of Connecticut, and the First Fidelity Banks of New Jersey, New York and Pennsylvania.
 /delval/
 -0- 10/21/93
 /CONTACT: Paul J. Levine, 201-565-2949, or Laura A. Schaible


(analysts), 201-565-3397, of First Fidelity Bancorporation/
 (FFB)


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

MP -- PH014 -- 5139 10/21/93 11:30 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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