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INTERFIRST BANKCORP, INC. DECLARES DIVIDEND

 ANN ARBOR, Mich., Feb. 3 /PRNewswire/ -- InterFirst Bankcorp, Inc. (NASDAQ-NMS: INFB), holding company for InterFirst Federal Savings Bank, announced today that on Jan. 25, 1993, the corporation's Board of Directors declared a cash dividend of $0.07 per share payable Feb. 26, 1993, to shareholders of record as of Feb. 18, 1993.
 Chairman, Stanley H. Rhodes, noted that the cash dividend would be payable subsequent to a 2-for-1 stock split announced by the company Tuesday (Feb. 2). "As a result, this dividend is effectively a 100-percent increase over our latest regular cash dividend," Rhodes said, "and was made possible due to the outstanding financial performance of the company in 1992."
 InterFirst Bankcorp, Inc., through its subsidiary, InterFirst Federal Savings Bank, operates five branch offices in Washtenaw County, Mich., and provides mortgage banking services throughout most of the U.S. from its corporate headquarters in Ann Arbor. The company's stock is listed on the NASDAQ's National Market System under the symbol INFB.
 -0- 2/3/93
 /CONTACT: Stanley H. Rhodes, Chairman, InterFirst Bankcorp, Inc., 313-665-3700/
 (INFB)


CO: InterFirst Bankcorp, Inc. ST: Michigan IN: FIN SU: DIV

DH -- DE008 -- 2275 02/03/93 09:56 EST
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Publication:PR Newswire
Date:Feb 3, 1993
Words:194
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