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HERITAGE FINANCIAL SERVICES VOTES 7-PERCENT DIVIDEND INCREASE

 TINLEY PARK, Ill., Jan. 20 /PRNewswire/ -- The board of directors of Heritage Financial Services, Inc. (NASDAQ-NMS: HERS) late yesterday voted to raise its annual dividend rate to 32 cents per share, an increase of 7 percent.
 "This is the seventh consecutive annual dividend increase since we became a publicly traded company," Richard T. Wojcik, chairman and chief executive officer, said, "reflecting management's determination to share higher earnings with shareholders and our confidence in future growth prospects."
 The directors also declared a quarterly dividend of 8 cents per share, payable Feb. 17, 1993, to shareholders of record at the close of business on Jan. 30, 1993.
 Heritage Financial Services, Inc. is a multibank holding company with total assets of approximately $825 million. It is headquartered in southwest suburban Chicago and operates 11 banking offices located in Tinley Park (two), Orland Park, Oak Lawn, Crestwood, Palos Heights, Mokena, Blue Island, Country Club Hills, Alsip and Frankfort. The company also operates a trust company which serves all locations.
 The company's shares are traded on the NASDAQ National Market System under the symbol HERS.
 -0- 1/20/93
 /CONTACT: Paul A. Eckroth, senior vice president and treasurer, Heritage Financial Services, Inc., 708-532-8008, Ext. 2239/
 (HERS)


CO: Heritage Financial Services, Inc. ST: Illinois IN: FIN SU: DIV

ML -- DE012 -- 6795 01/20/93 10:31 EST
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Publication:PR Newswire
Date:Jan 20, 1993
Words:221
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