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METRO FINANCIAL CORPORATION INCREASES THIRD QUARTER DIVIDEND

 ATLANTA, Oct. 22 /PRNewswire/ -- Metro Financial Corporation (NASDAQ- NMS: MFIN), the parent company of Metro Bank in Atlanta, has increased its quarterly cash dividend to $.04 per share for the quarter ended Sept. 30, President Rayburn J. Fisher Jr. announced.
 The dividend is payable on Nov. 15 to shareholders of record as of Nov. 5.
 Metro Financial recently reported net income of $425,093, or $.32 per share, for the third quarter of 1993, up from $276,073, or $.23 per share, for the third quarter one year ago. For the first nine months, the company earned $1,110,718, or $.87 per share, up from $647,362, or $.54 per share, a year earlier.
 As of Sept. 30 Metro had total assets of $146.8 million compared with $134.2 million a year earlier. Metro Bank is headquartered in Sandy Springs, Ga., with a full service office in Buckhead and a mortgage banking office in the Embassy Row Office Park.
 The company's stock is listed on the NASDAQ National Market System under the symbol MFIN.
 -0- 10/22/93
 /CONTACT: Dede Bowles of Metro Financial, 404-255-8550/
 (MFIN)


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

RA-BN -- AT012 -- 5819 10/22/93 14:56 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
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