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MARK TWAIN BANCSHARES ANNOUNCES 14.3% INCREASE IN QUARTERLY DIVIDEND

 ST. LOUIS, Jan. 6 /PRNewswire/ -- The Board of Directors of Mark Twain Bancshares, Inc. (NASDAQ NMS: MTWN) announced today a first- quarter dividend of $0.24 ($.96 annualized rate) to be paid on Feb. 11, 1994 to shareholders of record of its common stock (par value $1.25) on Jan. 28, 1994. This is the third increase in the common stock quarterly cash dividend in the last five quarters in addition to the three-for-two stock split in the form of a 50 percent stock dividend distributed June 21, 1993.
 Such new quarterly rate of $.24 per share is a 14.3 percent increase following the 10.5 percent increase in the third quarter of 1993 and the 11.5 percent increase in the first quarter of 1993. This increase will be the 29th dividend increase in the 25 years since the Company's public formation in 1969, and will be the 97th consecutive quarterly dividend. There have been four common stock splits in the Company's history: two three-for-two splits in 1987 and 1993, and two two-for-one splits in 1979 and 1983.
 "Mark Twain attempts to pay to shareholders between 30 and 40 percent of earnings in the form of dividends," said John P. Dubinsky, Mark Twain president and chief executive officer. "While our 1993 year- end results are not finalized, preliminary results indicate that fourth quarter and yearly earnings are up substantially from a year ago. The earning power of the company continues to grow. We are very optimistic about continued earnings growth in 1994. Our Board of Directors has determined that now is an appropriate time for another double-digit increase in our dividend in order to reward our shareholders with a higher rate while still staying within our payout guidelines. Audited 1993 results should be available within the next two weeks."
 Mark Twain Bancshares, Inc. is a 30-year-old bank holding company with 30 banking locations in three states: 22 in the St. Louis metropolitan area (including 4 in Illinois) and 8 in the Kansas City metropolitan area (including 3 in Kansas). Mark Twain also operates 31 brokerage locations in 4 states. Related financial services include: Mark Twain Capital Markets Group; Mark Twain Public Finance Division; Mark Twain Brokerage Services, Inc.; Mark Twain Trust Division; Mark Twain Commercial Finance Division; Mark Twain International Division; Mark Twain Mortgage Division; and Mark Twain Leasing Division.
 -0- 1/6/94
 /CONTACT: Keith Miller, Mark Twain Bancshares, Inc., 314-889-0799/
 (MTWN)


CO: Mark Twain Bancshares, Inc. ST: Missouri IN: FIN SU: DIV

LG -- NY053 -- 9749 01/06/94 12:00 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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