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FIRST OF AMERICA BANK CORPORATION DECLARES $0.40 QUARTERLY COMMON DIVIDEND

 KALAMAZOO, Mich., Aug. 18 /PRNewswire/ -- The board of directors of First of America Bank Corporation (NYSE: FOA) today declared a quarterly dividend of $0.40 per common share, payable Oct. 29, 1993, to shareholders of record Oct. 8. First of America currently has 57,134,965 common shares outstanding.
 "This is the second dividend at the new increased rate adopted in May 1993," said Daniel R. Smith, chairman and chief executive officer.
 First of America Bank Corporation, headquartered in Kalamazoo, is one of the largest bank holding companies in the Midwest with assets over $20 billion. First of America has 561 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, and other financial services. Based on net income, profitability and size of franchise, First of America is ranked among the top 35 banking companies in the United States.
 -0- 8/18/93
 /CONTACT: Tony Thompson, Public & Media Relations manager, 616-376-7266, or Jennifer D. Cox, Financial Reporting manager, 616-376-7115, both of First of America/
 (FOA)


CO: First of America Bank Corporation ST: Michigan IN: FIN SU: DIV

DD -- DE016 -- 3933 08/18/93 13:11 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:202
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