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FIRST FINANCIAL CORPORATION OF WESTERN MARYLAND APPROVES 3-FOR-2 STOCK SPLIT

 CUMBERLAND, Md., Oct. 28 /PRNewswire/ -- First Financial Corporation of Western Maryland (NASDAQ-NMS: FFWM), the holding company for First Federal Savings Bank of Western Maryland, announced that the board of directors, at a meeting held yesterday, approved a 3-for-2 stock split to be effected as a 50 percent stock dividend, payable to holders of record at Nov. 10, 1993. Stock certificates are expected to be mailed to shareholders on or about Nov. 30, 1993.
 Richard C. Deckerhoff, chairman of the board and chief executive officer of the company, said: "We believe that the stock split will tend to broaden the market for the company's stock, will encourage wider participation in the ownership of the company and will be in the best interest of the company and its shareholders."
 -0- 10/28/93
 /CONTACT: Janet I. Kemmet, vice president, of First Federal Savings Bank of Western Maryland, 301-724-3363/
 (FFWM)


CO: First Financial Corporation of Western Maryland; First Federal
 Savings Bank of Western Maryland ST: Maryland IN: FIN SU:


DC-KD -- DC005 -- 7651 10/28/93 06:03 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:175
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