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FIRSTFED MICHIGAN RAISES ITS DIVIDEND 6 PERCENT TO PAY 17 CENTS

 DETROIT, Feb. 17 /PRNewswire/ -- FirstFed Michigan Corporation (NASDAQ-NMS: FFOM) today declared a regular quarterly cash dividend of 17 cents, up from 16 cents last quarter. This dividend is payable on March 15, 1993, to common stockholders of record on March 3, 1993.
 FirstFed Michigan Corporation is the holding company for First Federal of Michigan, a Detroit-based federal savings and loan association with assets of $9.4 billion.
 First Federal of Michigan has 71 offices throughout the southern Lower Peninsula of Michigan. Its Bay Savings Bank subsidiary, based in Newport News, Va., operates eight offices in Virginia, and its South Carolina subsidiary, Omni Savings Bank, has three offices in Columbia.
 -0- 2/17/93
 /CONTACT: Ellen L. Batkie, manager, Investor Relations, First Federal of Michigan, 313-965-1400/
 (FFOM)


CO: FirstFed Michigan Corporation; First Federal of Michigan ST: Michigan IN: FIN SU: DIV

SM -- DE014 -- 7283 02/17/93 11:27 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:149
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