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MICHIGAN NATIONAL CORPORATION DECLARES DIVIDEND

 FARMINGTON HILLS, Mich., March 17 /PRNewswire/ -- The Board of Directors of Michigan National Corporation (NASDAQ-NMS: MNCO) at its March 17, 1993, meeting declared a regular quarterly cash dividend of 50 cents ($.50) per share on common stock, payable April 15, 1993, to shareholders of record as of April 1, 1993.
 Michigan National Corporation is a diversified financial services corporation with total assets of $10.6 billion. It is a bank holding company and a savings and loan holding company.
 Michigan National Corporation's principal subsidiary, Michigan National Bank, has approximately 190 branches throughout Michigan. Michigan National Corporation has its headquarters in Farmington Hills.
 The stock of Michigan National Corporation is nationally listed under the symbol MNCO and is traded on the NASDAQ national market.
 -0- 3/17/93 R
 /CONTACT: Ariadne Magoulias, 313-473-3428, or (Investor Relations) Vernon Patterson, 313-473-3076, both of Michigan National Corporation/
 (MNCO)


CO: Michigan National Corporation ST: Michigan IN: FIN SU: DIV

JG -- DE024R -- 7348 03/18/93 09:38 EST
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Publication:PR Newswire
Date:Mar 18, 1993
Words:163
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