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INTERFIRST BANKCORP BOARD DECLARES STOCK SPLIT

 ANN ARBOR, Mich., Feb. 2 /PRNewswire/ -- InterFirst Bankcorp, Inc. (NASDAQ-NMS: INFB), holding company for InterFirst Federal Savings Bank, today reported that on Jan. 25, 1993, the corporation's board of directors declared a 2-for-1 common stock split for shareholders of record as of Feb. 8, 1993. The split will be due and payable on Feb. 17, 1993.
 Chairman Stanley H. Rhodes stated that the 2-for-1 split will increase total shares outstanding to 2,110,248. "This split, our fourth stock dividend in 14 months, was declared as part of the board's continuing efforts to increase the float and liquidity of InterFirst's stock," Rhodes said, "and was made possible due to the financial performance of the bank 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 NASDAQ's National Market System under the symbol INFB.
 -0- 2/2/93
 /CONTACT: Stanley H. Rhodes, chairman, InterFirst Bankcorp, 313-665-3700/
 (INFB)


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

ML -- DE011 -- 1715 02/02/93 09:54 EST
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Publication:PR Newswire
Date:Feb 2, 1993
Words:199
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