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SECURITY BANCORP, INC. ANNOUNCES COMMON AND PREFERRED DIVIDENDS

 SECURITY BANCORP, INC. ANNOUNCES COMMON AND PREFERRED DIVIDENDS
 SOUTHGATE, Mich., Feb. 25 /PRNewswire/ -- The board of directors of Security Bancorp, Inc. (NASDAQ-NMS: SECB) at a regular meeting held today, Feb. 25, 1992, declared a quarterly cash dividend on its common stock of 25 cents per share. This dividend will be paid on April 1, 1992, to shareholders of record March 16, 1992.
 In addition, the board of directors declared a regular quarterly cash dividend on the company's Series A Cumulative Convertible Preferred Stock of 66 cents per share payable April 1, 1992, to shareholders of record March 16, 1992. Cash dividends have been paid on the company's common stock each year since 1938.
 -0- 2/25/92
 /CONTACT: Security Bancorp Investor Relations, 313-281-5436/
 (SECB) CO: Security Bancorp, Inc. ST: Michigan IN: FIN SU: DIV


SM -- DE048 -- 2442 02/25/92 14:48 EST
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Publication:PR Newswire
Date:Feb 25, 1992
Words:143
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