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METROPOLITAN FINANCIAL DECLARES DIVIDEND ON COMMON AND SERIES B PREFERRED

 METROPOLITAN FINANCIAL DECLARES DIVIDEND ON
 COMMON AND SERIES B PREFERRED
 MINNEAPOLIS, Sept. 22 /PRNewswire/ -- Metropolitan Financial Corporation (NYSE: MFC) announced today that its board of directors has declared $0.07 cash dividend to be paid on the company's common stock. The regular quarterly cash dividend was also declared on the company's preferred Series B stock.
 The board declared a dividend of $0.07 per share payable on Oct. 30, 1992 to common shareholders of record on October 15, 1992. A dividend of $0.72 per share was declared on the company's $2.875 cumulative perpetual preferred stock, Series B for shareholders of record Oct. 15, 1992, to be paid on Oct. 30, 1992. The Series B preferred was issued November 28, 1990 as part of a Units underwriting, and began trading separately on Jan. 15, 1991.
 Metropolitan Financial Corporation is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, N. D., operates over 140 offices in 114 communities in the states of North Dakota, Minnesota, Iowa, South Dakota, Wisconsin and Arizona. At June 30, 1992, the company reported consolidated assets of $5.26 billion and deposits of $4.06 billion.
 Metropolitan is one of the Twin Cities' largest originators of residential mortgage loans. The corporation's real estate sales and brokerage subsidiary, Edina Realty, Inc., has been rated number one nationally in customer satisfaction by a leading consumer magazine and serves Minnesota and western Wisconsin with over 1750 sales associates in 39 locations.
 Metropolitan Financial Corporation's common stock trades on the New York Stock Exchange, under the symbol MFC. The Series B preferred stock and warrant trade on the NASDAQ System under the symbols MFCNP and MFCNW, respectively.
 -0- 9/22/92
 /CONTACT: Bill Bartkowski, Metropolitan Financial Corporation, 612-928-5000/
 (MFC) CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU: DIV


AL -- MN002 -- 2001 09/22/92 08:32 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
Words:316
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