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MERCHANTS ANNOUNCES QUARTERLY DIVIDEND

 MERCHANTS ANNOUNCES QUARTERLY DIVIDEND
 INDIANAPOLIS, Nov. 19 /PRNewswire/ -- The board of directors of


Merchants National Corporation (NASDAQ: MCHN) today delcared a $.30 per share quarterly dividend, payable Dec. 20, 1991 to shareholders of record Nov. 29, 1991.
 Merchants National Corporation, an Indiana multibank holding company headquartered in Indianapolis, is the second largest publicly-held bank holding company in the state. A network of seventeen subsidiary banks with 138 banking locations serves the banking and financial needs of customers in Indiana and contiguous states. The corporation, through its subsidiaries, offers a broad range of commercial, retail, and mortgage banking services, as well as trust and investment services. Additionally, under a contract with the U.S. Department of Defense, the corporation's lead bank, Merchants National Bank & Trust Company of Indianapolis, provides retail banking services to military personnel through 176 military banking facilities in Germany, the Netherlands, Greece, and United Kingdom, Iceland, Philippines, Diego Garcia, and the Republic of Korea.
 Merchants has paid continuous annual dividends since 1867.
 -0- 11/19/91
 /CONTACT: Kenneth Carr (media), 317-267-6200, or David Lebedeff (investor), 317-267-3701, both of Merchants National/
 (MCHN) CO: Merchants National Corporation ST: Indiana IN: FIN SU: DIV CG -- CL007 -- 4972 11/19/91 13:04 EST
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Publication:PR Newswire
Date:Nov 19, 1991
Words:202
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