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INTERFIRST BANKCORP, INC. DECLARES DIVIDEND, SPECIAL DIVIDEND

 INTERFIRST BANKCORP, INC. DECLARES DIVIDEND, SPECIAL DIVIDEND
 ANN ARBOR, Mich., Nov. 9 /PRNewswire/ -- InterFirst Bankcorp, Inc., (NASDAQ: INFB), holding company for InterFirst Federal Savings Bank, announced today that the corporation's board of directors has declared a regular cash dividend of $0.07 per share and a special dividend of $0.05 per share. Both dividends will be paid on Dec. 8, 1992, to shareholders of record as of Nov. 21, 1992.
 Stanley H. Rhodes, chairman and chief executive officer, stated that on Oct. 26, 1992, the board of directors authorized payment of this dividend following the corporation's continued positive operating results. The bank reported earnings of $3.27 per share for the nine months ended Sept. 30, 1992.
 InterFirst Federal Savings Bank is in its 102nd year and is headquartered in Ann Arbor. The bank serves Washtenaw County from five branch locations. On Sept. 30, 1992, the bank had assets totaling $202 million. The corporation's stock is quoted on the NASDAQ Over-The- Counter Market under the symbol INFB.
 -0- 11/9/92
 /CONTACT: Stanley H. Rhodes, chairman, InterFirst Bankcorp, Inc., 313-665-3700/
 (INFB) CO: InterFirst Bankcorp, Inc. ST: Michigan IN: FIN SU: DIV


DH -- DE010 -- 8632 11/09/92 11:03 EST
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Publication:PR Newswire
Date:Nov 9, 1992
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