Printer Friendly

FIRST INTERSTATE OF IOWA DECLARES DIVIDEND

 FIRST INTERSTATE OF IOWA DECLARES DIVIDEND
 DES MOINES, Iowa, Jan. 24 /PRNewswire/ -- Oliver H. Hagen,


president and chief executive officer, announced today the board of directors of First Interstate of Iowa Inc. (NASDAQ: FIIA), a multi- bank holding company, declared a first quarter dividend of 5 cents per share to shareholders of record at the close of business on Feb. 7, 1992. The dividends will be paid on Feb. 28, 1992.
 The company and Boatmen's Bancshares Inc. recently reported that their boards of directors had approved a definitive agreement for the acquisition of the company by Boatmen's. Hagen said, "The declaration of the first quarter dividend is in accordance with management's plan to maintain the dividend at its premerger level." The acquisition is anticipated to be consummated in the second quarter of 1992.
 The market price of the common stock of First Interstate of Iowa closed at $7.88 on Jan. 23, 1992. Based on current market value, the company's common stock is yielding a 2.5 percent dividend.
 First Interstate of Iowa owns the controlling interest in 10 Iowa banks, a computer services company and an insurance agency. The banks operate in 31 locations in numerous Iowa cities including Algona, Cresco, Des Moines, Estherville, Fort Dodge, Greenfield, Kalona, Marengo, Mason City, Sigourney, Sioux City, Spencer, Urbandale and West Des Moines.
 -0- 1/24/92
 /CONTACT: Howard R. Harris II of First Interstate of Iowa, 515-245-7134/
 (FIIA) CO: First Interstate of Iowa Inc. ST: Iowa IN: FIN SU: DIV


BB -- DV001 -- 3174 01/24/92 10:04 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 24, 1992
Words:258
Previous Article:WITCO TO REDEEM 9-1/2 PERCENT DEBENTURES DUE 2009
Next Article:BELLSOUTH ENTERPRISES, RAM COMPLETE U.S. MOBILE DATA AGREEMENT
Topics:


Related Articles
FIRST CHARTER CORPORATION DECLARES DIVIDEND
FIRST CHARTER CORPORATION DECLARES DIVIDEND
FIRST CHARTER CORPORATION DECLARES DIVIDEND
FIRST CHARTER CORPORATION DECLARES 20 PERCENT STOCK DIVIDEND, RAISES REGULAR QUARTERLY DIVIDEND
FIRST OF AMERICA BANK CORP. INCREASES DIVIDEND TO $0.44 A SHARE
NORTH CENTRAL BANCSHARES, INC. DECLARES DIVIDEND
First Midwest Financial, Inc. Announces Increase in Cash Dividend and 50% Stock Dividend
North Central Bancshares, Inc. Declares Dividend
North Central Bancshares, Inc. Declares Dividend
North Central Bancshares, Inc. Declares Dividend

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters