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METRO FINANCIAL CORPORATION ANNOUNCES PAYMENT OF QUARTERLY DIVIDEND

 ATLANTA, July 19 /PRNewswire/ -- Metro Financial Corporation (NASDAQ-NMS: MFIN), the parent company of Metro Bank in Atlanta, will begin paying a quarterly cash dividend, President and Chief Executive Officer Rayburn J. Fisher Jr. announced.
 The dividend for the second quarter of 1993 will be $.03 per share and is payable on July 30 to shareholders of record as of July 20.
 The decision by the board of directors to move from an annual dividend to a quarterly dividend was prompted by the company's consistent earnings growth and strong capital position according to Fisher. Metro Financial Corporation recently reported net income of $383,885, or $.31 per share, for the second quarter of 1993, up from $246,895 or $.21 per share, for the second quarter one year ago.
 Metro has total assets of $149.4 million and is headquartered in Sandy Springs with an office in Buckhead.
 The company's stock is listed on the NASDAQ National Market System under the symbol MFIN.
 -0- 7/19/93
 /CONTACT: Dede Bowles of Metro Financial Corporation, 404-255-8550/
 (MFIN)


CO: Metro Financial Corporation ST: Georgia IN: FIN SU: DIV

BR-BN -- AT018 -- 3143 07/19/93 14:15 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
Words:194
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