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OLD KENT ADOPTS STOCK REPURCHASE PROGRAM

 OLD KENT ADOPTS STOCK REPURCHASE PROGRAM
 GRAND RAPIDS, Mich., Jan. 20 /PRNewswire/ -- Old Kent Financial


Corporation (NASDAQ: OKEN) today announced the adoption of a stock repurchase program.
 Old Kent has authorized the purchase of shares of its common stock in an aggregate amount not greater than $75 million. Purchases, which may commence immediately, may be in the open market or in privately negotiated transactions. Timing, price, quantity and manner of purchases will be at the discretion of the corporation's officers. The program may be discontinued or suspended at any time, and there is no assurance that the corporation will purchase the full amount authorized.
 The purpose of the newly announced stock repurchase program is to meet anticipated future needs for shares of the corporation's common stock. These needs included issuance of the common stock in connection with the
 (OKEN) CO: Old Kent Financial Corporation ST: Michigan IN: FIN SU:


CK -- NY066 -- 1585 01/20/92 19:24 EST
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Publication:PR Newswire
Date:Jan 20, 1992
Words:158
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