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FIRST FIDELITY DECLARES REGULAR QUARTERLY DIVIDEND ON COMMON STOCK

 LAWRENCEVILLE, N.J., Jan. 21 /PRNewswire/ -- The board of directors of First Fidelity Bancorporation (NYSE: FFB) today approved payment of the regular quarterly dividend on the common stock of $.33 per share on Feb. 5, 1993 to shareholders of record at the close of business Feb. 1.
 Last Thursday, Jan. 14, 1993, First Fidelity reported full-year 1992 earnings of $313.7 million, up 41.8 percent from 1991 earnings of $221.2 million and fourth quarter 1992 earnings of $89.6 million, a 54.9 percent increase from fourth quarter 1991 earnings of $57.8 million.
 The largest banking company headquartered in New Jersey, First Fidelity operates more than 550 branches in New Jersey, New York and eastern Pennsylvania through its principal affiliates; the First Fidelity banks in New Jersey and New York, Fidelity Bank of Philadelphia, Merchants Bank of Allentown, Pennsylvania, and Merchants Bank (North) of Wilkes-Barre, Pa. On Dec. 28, 1992, First Fidelity announced an agreement to acquire Northeast Bancorp, Inc., and its principal subsidiary the 68-branch Union Trust Company of Stamford, Conn.
 /delval/
 -0- 1/21/93
 /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 IN: FIN SU: DIV

MP -- PH009 -- 7329 01/21/93 10:53 EST
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Publication:PR Newswire
Date:Jan 21, 1993
Words:218
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