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MERCHANTS ANNOUNCES QUARTERLY DIVIDEND

 MERCHANTS ANNOUNCES QUARTERLY DIVIDEND
 INDIANAPOLIS, Feb. 18 /PRNewswire/ -- The board of directors


of Merchants National Corporation (NASDAQ: MCHN) today declared a $.30 per share quarterly dividend, payable March, 20, 1992, to shareholders of record Feb. 28, 1992.
 Merchants National Corporation, an Indiana multibank holding company headquartered in Indianapolis, is the second largest publicly held bank holding company based in the state. A network of 17 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 166 military banking facilities in Germany, the Netherlands, Greece, the United Kingdom, Iceland, the Philippine Islands, Diego Garcia, the Republic of Korea, and the Republic of Panama.
 Merchants has paid continuous annual dividends since 1867.
 -0- 2/18/92
 /CONTACT: Kenneth Carr, media, 317-267-6200, or David Lebedeff, investor, 317-267-3701, both of Merchants National Corporation/
 (MCHN) CO: Merchants National Corporation ST: Indiana IN: FIN SU: DIV


BN-BR -- CL012 -- 9940 02/18/92 12:29 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 18, 1992
Words:211
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