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FIRST OF AMERICA BANK CORP. DECLARES DIVIDENDS ON 4 PREFERRED STOCK ISSUES

 FIRST OF AMERICA BANK CORP. DECLARES DIVIDENDS
 ON 4 PREFERRED STOCK ISSUES
 KALAMAZOO, Mich., April 16 /PRNewswire/ -- The board of directors of First of America Bank Corporation (NYSE: FOA) declared dividends on the company's four convertible preferred stock issues.
 Payable June 1 to shareholders of record May 4 are:
 -- A dividend of $0.475 per share of Series E 10 percent convertible preferred stock.
 -- A dividend of $4.275 per share of Series F 9 percent convertible preferred stock.
 -- A dividend of $1.0125 per share of Series G 9 percent convertible preferred stock.
 -- A dividend of $4.275 per share of Series H 9 percent convertible preferred stock.
 First of America Bank Corporation, headquartered in Kalamazoo, is one of the largest bank holding companies in the Midwest with assets of approximately $16.7 billion at March 31. On a pro forma basis, with its pending acquisition of Security Bancorp, Inc. (NASDAQ-NMS: SECB), assets would exceed $19 billion. First of America's 26 financial institutions have 487 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- 4/16/92
 /CONTACT: Thomas W. Lambert, 616-376-7002, or Jennifer D. Cox, 616-376-7115, both of First of America/
 (FOA) CO: First of America Bank Corporation ST: Michigan IN: FIN SU: DIV


ML -- DE006 -- 9122 04/16/92 09:26 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:264
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