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FORTUNE BANCORP DECLARES DIVIDENDS

 CLEARWATER, Fla., Oct. 25 /PRNewswire/ -- The board of directors of Fortune Bancorp, Inc. (NASDAQ: FORB) has declared a regular quarterly common stock dividend of 7 1/2 cents per common share. The dividend for the quarter ended Sept. 30, 1993 is payable Nov. 22, 1993 to shareholders of record Oct. 29, 1993.
 Directors also declared the scheduled dividend of 50 cents per share on the company's Series A 8 percent Cumulative Convertible Preferred Stock payable on Dec. 1, 1993 to shareholders of record Nov. 12, 1993.
 Fortune Bancorp is the holding company for Fortune Bank, which has $2.6 billion in assets and operates 46 branches on the West Coast of Florida.
 -0- 10/25/93
 /CONTACT: Nancy Kaylor of Fortune Bancorp, 813-538-1114/
 (FORB)


CO: Fortune Bancorp ST: Florida IN: FIN SU: DIV

JB-JV -- FL011 -- 6446 10/25/93 15:13 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:142
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