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GREAT LAKES BANCORP TO PAY 2ND-QUARTER STOCK DIVIDENDS

 GREAT LAKES BANCORP TO PAY 2ND-QUARTER STOCK DIVIDENDS
 ANN ARBOR, Mich., June 17 /PRNewswire/ -- Great Lakes Bancorp


announced that it will pay common stock dividends to holders of both its common and preferred stock.
 Holders of Great Lakes' common stock (NASDAQ-NMS: GLBC) will receive one share of common stock for every 50 shares owned.
 Holders of Great Lakes' preferred stock (NASDAQ-NMS: GLBCP) will receive one share of Great Lakes' common stock for every 40 shares of preferred stock owned.
 Both dividends will be paid July 15 to recordholders as of July 1, 1992. Cash will be paid in lieu of fractional shares.
 With $2.8 billion in assets and $1.8 billion in deposits, Great Lakes Bancorp is Michigan's second-largest savings bank. Great Lakes has branches throughout Michigan, with primary concentrations in the Ann Arbor, Battle Creek and Saginaw areas. In addition, a division of Great Lakes, Dollar Federal Savings Bank, has a significant presence in Hamilton, Ohio.
 -0- 6/17/92
 /CONTACT: James S. Patterson of Great Lakes Bancorp, 313-769-8300, Ext. 4116/
 (GLBC) CO: Great Lakes Bancorp ST: Michigan IN: FIN SU: DIV


ML -- DE018 -- 1190 06/17/92 15:48 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
Words:193
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