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KEYSTONE FINANCIAL INCREASES CASH DIVIDEND

 HARRISBURG, Pa., Nov. 23 ~PRNewswire~ -- The board of directors of Keystone Financial, Inc. (NASDAQ: KSTN), the ninth largest bank holding company in Pennsylvania, has declared an increased quarterly cash dividend of 29 cents per share, payable Jan. 20, 1993, to shareholders of record on Jan. 12, 1993. This is a seven percent increase over the 27 cents per share paid quarterly in 1992. The cash dividend has been raised annually since Keystone was formed in 1984.
 "Keystone's continuing strong performance and excellent growth prospects contribute to the board's decision to increase the dividend. The increase is indicative of Keystone's desire to continuously enhance shareholder value," Carl L. Campbell, president and chief executive officer, said.
 Keystone Financial has four member banks -- Pennsylvania National Bank, Pottsville; Northern Central Bank, Williamsport; Mid-State Bank, Altoona; and Main Line Bancshares, Inc., Wayne -- which operate 94 community offices in 23 Pennsylvania counties.
 -0- 11~23~92
 ~CONTACT: Robert J. Gentry of Keystone Financial, Inc., 717-231-5708~
 (KSTN)


CO: Keystone Financial, Inc. ST: Pennsylvania IN: FIN SU: DIV

LR-TS -- NY045 -- 0533 11~23~92 12:19 EST
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Publication:PR Newswire
Date:Nov 23, 1992
Words:179
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