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MERIDIAN DECLARES QUARTERLY DIVIDEND

 READING, Pa., July 27 /PRNewswire/ -- Meridian Bancorp, Inc.'s (NASDAQ: MRDN) board of directors today declared the company's regular quarterly cash dividend of $.32 per share on Meridian's common stock.
 The dividend is payable on Sept. 1, 1993, to shareholders of record Aug. 15.
 In April, Meridian announced a 6.7 percent increase in the regular quarterly cash dividend from $.30 per share to $.32 per share on its common stock.
 Meridian Bancorp, Inc., a $12.2 billion asset banking and financial services holding company, is based in Reading. Meridian, through its subsidiaries, operates with its current banking focus in 16 Pennsylvania counties, two New Jersey counties and the state of Delaware.
 /delval/
 -0- 7/27/93
 /CONTACT: George Biechler, 215-655-2470, or Bob Shade, 215-655-2463, or W. Sturgis Corbett (financial), 215-655-2438, all of Meridian Bancorp/
 (MRDN)


CO: Meridian Bancorp, Inc. ST: Pennsylvania IN: FIN SU: DIV

JM-MK -- PH019 -- 6229 07/27/93 12:27 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
Words:155
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