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METROPOLITAN FINANCIAL INCREASES COMMON DIVIDEND

 METROPOLITAN FINANCIAL INCREASES COMMON DIVIDEND
 MINNEAPOLIS, June 23 /PRNewswire/ -- Metropolitan Financial


Corporation (NYSE: MFC) announced today that its board of directors declared a 22 percent increase to the cash dividend 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 July 31, 1992 to common shareholders of record on July 15, 1992. A dividend of $0.07 represents a 22 percent increase from the previous dividend of $0.055 per common share, adjusted for the two-for-one stock split paid on June 22, 1992 to common shareholders of record on June 10, 1992.
 A dividend of $0.72 per share was declared on the company's $2.875 cumulative perpetual preferred stock, Series B to shareholders of record July 15, 1992. This dividend will be paid on July 31, 1992. The Series B preferred was issued Nov. 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 March 31, 1992, the company reported consolidated assets of $5.02 billion and deposits of $3.97 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 37 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- 6/23/92
 /CONTACT: Bill Bartkowski of Metropolitan Financial, 612-928-5000/
 (MFC) CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU: DIV


AL -- MN006 -- 2827 06/23/92 11:49 EDT
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Publication:PR Newswire
Date:Jun 23, 1992
Words:354
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