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MOUNTAINEER BANKSHARES OF W.VA., INC., ANNOUNCES QUARTERLY DIVIDEND INCREASE

 MOUNTAINEER BANKSHARES OF W.VA., INC.,
 ANNOUNCES QUARTERLY DIVIDEND INCREASE
 MARTINSBURG, W.Va., July 30 /PRNewswire/ -- Mountaineer Bankshares of W.Va., Inc., (NASDAQ: MTNR) increased the regular quarterly dividend from 23 cents per share to 25 cents per share.
 The dividend is payable on Sept. 4, 1992, to shareholders of record on Aug. 14, 1992. The increase was announced following its approval at the board of directors' meeting held on July 29, 1992.
 "We are pleased to provide our shareholders with this dividend increase. It comes as a result of the company's continued earnings improvement and sound capital position," stated Lacy I. Rice Jr., chairman and chief executive officer.
 Mountaineer Bankshares is the holding company of six banks, including Old National Bank, Martinsburg; The Empire National Bank of Clarksburg; City National Bank of Fairmont; The Bank of Wadestown, Fairview; Mercantile Banking & Trust Company, Moundsville; and The First National Bank of Cameron.
 -0- 7/30/92
 /CONTACT: Brent D. Robinson, president of Mountaineer Bankshares of W.Va., Inc., 304-263-0861/
 (MTNR) CO: Mountaineer Bankshares of W.Va., Inc. ST: West Virginia IN: FIN SU: DIV


DM-ML -- PG004 -- 4977 07/30/92 09:51 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:192
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