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FIRST OF AMERICA BANK CORPORATION DECLARES $0.40 QUARTERLY COMMON DIVIDEND

 KALAMAZOO, Mich., Nov. 17 /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 Jan. 28, 1994 to shareholders of record Jan. 7, 1994. First of America currently has 57,153,000 common shares outstanding.
 On Dec. 31, 1993 all outstanding shares of First of America's Series F 9 percent Convertible Preferred Stock will be redeemed. First of America expects the holders of this issue to exercise their conversion right prior to the redemption date, which would add 2,355,342 common shares to its shares outstanding. These additional common shares will be eligible for the Jan. 28, 1994 dividend.
 First of America Bank Corporation, headquartered in Kalamaoo, is one of the largest bank holding companies in the Midwest with assets over $21 billion. First of America has 570 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- 11/17/93
 /CONTACT: Tony Thompson, public and media relations manager, 616-376-7266, or Jennifer D. Cox, financial reporting manager, 616-376-7115, both of First of America Bank Corporation/
 (FOA)


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

ML -- DE018 -- 5582 11/17/93 14:47 EST
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Publication:PR Newswire
Date:Nov 17, 1993
Words:248
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