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MERIDIAN BANCORP DECLARES QUARTERLY DIVIDEND

 MERIDIAN BANCORP DECLARES QUARTERLY DIVIDEND
 READING, Pa., April 21 /PRNewswire/ -- Meridian Bancorp, Inc.'s


(NASDAQ: MRDN) board of directors, at a meeting today prior to the annual shareholders meeting, declared the company's regular quarterly cash dividend of 30 cents per share on Meridian's common stock.
 The dividend, which is the first under the company's new dividend payment schedule, is payable on June 1 to shareholders of record May 15.
 The new schedule revises the dividend payment date from January to March; April to June; July to September; and October to December. This allows the board to declare the dividend after, rather than during, the quarter in which it is earned, thus permitting a review of the quarter's financial results. The schedule was adopted in December and is strongly supported by bank regulators, the company said.
 Meridian Bancorp, Inc., an $11.6 billion multibank holding company based in Reading, has banking operations in 16 counties in Pennsylvania and in the state of Delaware, and financial services operations nationwide.
 /delval/
 -0- 4/21/92
 /CONTACT: Cathy Souders of Meridian Bancorp, 215-655-2463/
 (MRDN) CO: Meridian Bancorp, Inc. ST: Pennsylvania IN: FIN SU: DIV


MP-LJ -- PH014 -- 0798 04/21/92 15:20 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:199
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