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MARK TWAIN BANCSHARES ANNOUNCES AN 11.6 PERCENT INCREASE IN COMMON STOCK DIVIDEND

 ST. LOUIS, Jan. 8 /PRNewswire/ -- The board of directors of Mark Twain Bancshares, Inc. (NASDAQ-NMS: MTWN) announced today an 11.6 percent increase in its common stock dividend effective in the first quarter. The new dividend rate is an increase to $1.16 per year ($0.29 per quarter) from $1.04 per year ($0.26 per quarter) and is payable on Feb. 12, 1993 to shareholders of record of its common stock (par value $1.25) on Jan. 22, 1993.
 "While our 1992 year-end results are not finalized, preliminary results indicate that fourth quarter and yearly earnings are up substantially from a year ago," said John Dubinsky, Mark Twain president and chief executive officer. "The earning power of the company continues to grow. With continued excellent prospects for 1993, our board of directors has determined that now is an appropriate time for a double digit increase in our dividend in order to reward our shareholders with a higher rate. Audited 1992 results should be available within the next two weeks."
 Mark Twain's first quarter dividend is the 93rd consecutive quarterly common stock dividend in the history of the company, which has now increased its dividend 26 times in the 23 years since the company's public formation in 1969. There have been three common stock splits in the company's history: a three-for-two split in 1987, and two two-for- one splits in 1979 and 1983.
 Mark Twain Bancshares, Inc., a 28-year old bank holding company, operates 28 banking locations: 18 throughout St. Louis, St. Louis County and St. Charles County; as well as five in Kansas City, Mo., and five in Belleville and Edwardsville, Ill. Mark Twain also operates 43 brokerage locations in 6 states. Related financial services include: Mark Twain Bond Department; Mark Twain Brokerage Services, Inc.; Mark Twain Commercial Finance Division; Mark Twain International; Mark Twain Leasing Company, Mark Twain Mortgage Company; and Mark Twain Trust Division. Mark Twain stock is traded over-the-counter under the NASDAQ symbol MTWN.
 -0- 1/8/93
 /CONTACT: Keith Miller of Mark Twain, 314-889-0799/
 (MTWN)


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

WB -- NY041 -- 3075 01/08/93 13:58 EST
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Publication:PR Newswire
Date:Jan 8, 1993
Words:361
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