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FIRST OF AMERICA BANK CORP. DECLARES $0.32 QUARTERLY COMMON DIVIDEND

 FIRST OF AMERICA BANK CORP. DECLARES $0.32 QUARTERLY COMMON DIVIDEND
 KALAMAZOO, Mich., May 20 /PRNewswire/ -- The board of directors of First of America Bank Corporation (NYSE: FOA) today declared a quarterly dividend of $0.32 per common share payable July 30, 1992, to shareholders of record July 9.
 "This declaration is the fourth dividend at the increased rate adopted in August 1991," said Daniel R. Smith, chairman and chief executive officer. "It reflects the board's confidence in our earnings outlook."
 First of America Bank Corporation, headquartered in Kalamazoo, is one of the largest bank holding companies in the Midwest with assets exceeding $19 billion. First of America has 566 offices in Michigan, Indiana and Illinois that serve over 300 midwestern communities. The banks engage in commercial banking, retail banking and mortgage banking, and provide trust, financial data processing and other financial services. Based on net income, profitability and size of franchise, First of America is ranked among the top 40 banking companies in the United States.
 -0- 5/20/92
 /CONTACT: Martha Melone, 616-376-7287, or Thomas W. Lambert, 616-376-7002, both of First of America/
 (FOA) CO: First of America Bank Corporation ST: Michigan IN: FIN SU: DIV


ML -- DE020 -- 2358 05/20/92 13:55 EDT
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Publication:PR Newswire
Date:May 20, 1992
Words:207
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