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FIRST FINANCIAL CARIBBEAN CORPORATION DECLARES QUARTERLY DIVIDENDS ON COMMON AND PREFERRED STOCK

 SAN JUAN, P.R., Oct. 26 /PRNewswire/ -- First Financial Caribbean Corporation (NASDAQ: FRCC), Puerto Rico's leading mortgage banker, today announced that the board of directors declared cash dividends to be paid on the company's common and preferred stock.
 The board declared a regular quarterly cash dividend of $0.20 per share of the company's common stock, to be paid on Dec. 3, 1993 to shareholders of record on Nov. 15, 1993.
 The board also declared a cash dividend of $0.2625 per share of the company's 10-1/2 percent cumulative convertible preferred stock, to be paid on Dec. 31, 1993 to shareholders of record on Dec. 10, 1993.
 First Financial Caribbean Corporation, through its HF Mortgage Bankers Division and Doral Mortgage Corporation, is the leading mortgage banker in Puerto Rico. The company, with 17 offices throughout Puerto Rico and one office in Orlando, Florida, engages in the origination, sale and servicing of mortgage loans. The company also operates Doral Federal Savings Bank, a federally chartered savings association.
 -0- 10/26/93
 /CONTACT: Michele Katz or Jeff Majtyka of Morgen-Walke Associates, 212-850-5600/
 (FRCC)


CO: First Financial Caribbean Corporation ST: IN: FIN SU: DIV

PS -- NY047 -- 6861 10/26/93 11:37 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
Words:201
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