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FOURTH FINANCIAL CORP. RAISES CASH DIVIDEND ON COMMON STOCK 8 PERCENT

 WICHITA, Kan., Oct. 21 /PRNewswire/ -- The board of Fourth Financial Corp. (NASDAQ: FRTH), parent company of BANK IV Kansas, N.A. and BANK IV Oklahoma, N.A., today announced it has raised its regular quarterly cash dividend 8 percent. The board raised the dividend on its common stock to 26 cents per share from 24 cents per share, the second increase this year. The previous dividend increase, to 24 cents from 22 cents, was announced in January.
 Darrell G. Knudson, chairman and chief executive officer, said, "This decision demonstrates the board's confidence in the growth and continued profitability of Fourth Financial. We believe it is appropriate to share the company's success with its stockholders." Last week, the company announced net income for the first nine months of 1993 totaling $56.1 million, or $1.99 per share. Income from ongoing operations totaled $51.8 million, or $1.84 per share.
 The dividend will be payable Dec. 1, 1993, to shareholders of record Nov. 15, 1993. The company currently has approximately 24.8 million common shares outstanding. This dividend marks the 97th consecutive quarterly payment to shareholders.
 The board also declared the regular dividend on the company's Class A Cumulative Convertible Preferred Stock, which was issued in the form of depositary shares. This dividend is also payable Dec. 1, 1993, to shareholders of record Nov. 15, 1993. Holders of these shares will receive $0.4375 per depositary share. There are currently 4.0 million depositary shares of Class A Cumulative Convertible Preferred Stock outstanding.
 Fourth Financial Corp. is a Wichita-based bank holding company with consolidated assets of $6.5 billion. The company currently operates 77 offices in 31 Kansas communities through its subsidiary, BANK IV Kansas, N.A., and 31 offices in seven Oklahoma communities through its subsidiary, BANK IV Oklahoma, N.A. The BANK IV banks provide a full line of banking and financial services for consumers, agri-business, small businesses and mid- to large-sized companies. Fourth Financial's common stock and depositary shares are traded on the NASDAQ national market system under the symbols FRTH and FRTHZ, respectively.
 -0- 10/21/93
 /CONTACT: R. Brent Thompson, senior vice president, 312-261-4403 or Michael J. Shonka, chief financial officer of Fourth Financial Corp., 312-261-4510/
 (FRTH)


CO: Fourth Financial Corp. ST: Kansas IN: FIN SU: DIV

WB -- NY089 -- 5350 10/21/93 14:53 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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