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MAGNA GROUP, INC. DECLARES DIVIDEND

 ST. LOUIS, April 20 /PRNewswire/ -- The board of directors of Magna Group, Inc. (NASDAQ-NMS: MAGI) declared a quarterly cash dividend of 18 cents per share of common stock and 37.5 cents per share of Class B preferred stock. The dividend on common stock is payable on June 10, 1993 to stockholders of record on May 15, 1993. The dividend on preferred stock is payable on July 1, 1993 to stockholders of record on June 15, 1993.
 Magna Group, Inc. operates 85 community banking locations in Illinois and Missouri and is the third-largest bank holding company based in St. Louis, with $3.6 billion in consolidated assets. Within the greater St. Louis metropolitan area, Magna has 61 offices with approximately $2.7 billion in assets.
 -0- 04/20/93
 /CONTACT: Mary Scholz, vice president of Magna Group, 314-963-2545/
 (MAGI)


CO: Magna Group, Inc. ST: Missouri IN: FIN
SU ERN


LD -- NY012 -- 7732 04/20/93 07:34 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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