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INTERFIRST BANKCORP BOARD DECLARES DIVIDEND

 INTERFIRST BANKCORP BOARD DECLARES DIVIDEND
 ANN ARBOR, Mich., Aug. 10 /PRNewswire/ -- InterFirst Bankcorp, Inc.


(NASDAQ: INFB), holding company for InterFirst Federal Savings Bank, today reported that the board of directors on Aug. 7, 1992, declared a 20-percent common stock dividend for shareholders of record as of Aug. 17, 1992. Dividend will be due and payable on Aug. 28, 1992.
 Chairman Stanley H. Rhodes stated that the 20-percent stock dividend will increase the total shares outstanding to 1,052,949 less fractional shares which are to be paid in cash.
 InterFirst Bankcorp, Inc., through its subsidiary, InterFirst Federal Savings Bank, operates five branch offices in Ann Arbor, Ypsilanti, Ypsilanti Township, Milan and Saline, Mich., and provides mortgage banking services from its corporate headquarters in Ann Arbor.
 -0- 8/10/92
 /CONTACT: Stanley H. Rhodes of InterFirst Bankcorp, 313-665-3700/
 (INFB) CO: InterFirst Bankcorp, Inc. ST: Michigan IN: FIN SU: DIV


ML -- DE014 -- 8542 08/10/92 13:17 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
Words:157
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