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FIRSTFED MICHIGAN TO PAY 17-CENT DIVIDEND IN JUNE

 DETROIT, May 18 /PRNewswire/ -- FirstFed Michigan Corporation (NASDAQ-NMS: FFOM) today declared a regular 17-cent quarterly cash dividend. This dividend is payable on June 15, 1993, to common stockholders of record on June 1, 1993.
 FirstFed Michigan Corporation is the holding company for First Federal of Michigan, a Detroit-based federal savings and loan association with assets of $9.6 billion.
 First Federal of Michigan has 70 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- 5/18/93
 /CONTACT: Ellen L. Batkie, manager, Investor Relations, FirstFed Michigan Corporation, 313-965-1400/
 (FFOM)


CO: FirstFed Michigan Corporation ST: Michigan IN: FIN SU: DIV

JG -- DE019 -- 9853 05/18/93 14:19 EDT
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Publication:PR Newswire
Date:May 18, 1993
Words:136
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