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KEY CENTURION ANNOUNCES OCTOBER DIVIDEND

 KEY CENTURION ANNOUNCES OCTOBER DIVIDEND
 CHARLESTON, W.Va., Aug. 24 /PRNewswire/ -- The board of directors of


Key Centurion Bancshares, Inc. (NASDAQ: KEYC), West Virginia's largest bank holding company, has declared a quarterly dividend of 17 cents per share, it was announced today.
 The dividend, declared at the board's Aug. 24 monthly meeting, will be paid on Oct. 1, 1992, to shareholders of record on Sept. 11, 1992.
 Key Centurion, with $3 billion in assets and $308 million in shareholder equity at June 30, 1992, has a market capitalization exceeding $460 million. Moreover, the company currently ranks first or second in market share of deposits in five of West Virginia's six largest counties ranked by deposits.
 On June 5, 1992, Key Centurion and BANC ONE of Columbus, Ohio, announced an agreement in principle for Key Centurion shareholders to receive Banc One shares in exchange for Key Centurion stock. Meanwhile, Key Centurion continues to proceed with steps outlined in a definitive agreement for an exchange of stock which would make People's Bank of Charles Town (W.Va.) a wholly owned subsidiary. When completed, this transaction (still subject to various regulatory approvals and a vote of People's shareholders) would provide initial entry in the fastest growing section of West Virginia, close to the Washington, D.C., metropolitan market.
 Key Centurion has banks with 56 offices in West Virginia and Kentucky, operating as Beckley National Bank, Beckley and Oak Hill; The Central National Bank of Buckhannon, Buckhannon; Charleston National Bank, Charleston; Union National Bank of West Virginia, Clarksburg; The First Huntington National Bank, Huntington; The Lincoln National Bank of Hamlin, Hamlin; The National Bank of Logan, Logan; Boone National Bank, Madison; The First National Bank of New Martinsville, New Martinsville; First National Bank in Philippi, Philippi; Citizens National of Point Pleasant, Point Pleasant; Citizens National Bank of St. Albans, St. Albans; Nicholas County Bank, Summersville; Wayne County Bank, Wayne; Security National Bank & Trust, Wheeling; The National Bank of Commerce of Williamson, Williamson, all in West Virginia, and First National Bank of Pikeville, Pikeville, Ky.
 -0- 8/24/92
 /CONTACT: Larry A. Stark of Key Centurion, 304-526-4337, or at home, 304-529-3624/
 (KEYC) CO: Key Centurion Bancshares, Inc. ST: West Virginia IN: FIN SU: DIV


DM -- PG002 -- 2638 08/24/92 14:26 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
Words:378
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