Printer Friendly

SOCIETY CORPORATION DECLARES QUARTERLY DIVIDEND OF 28 CENTS PER SHARE

 CLEVELAND, Nov. 18 /PRNewswire/ -- The board of directors of Society Corporation (NYSE: SCY) today declared a regular quarterly dividend of $0.28 per common share, payable Dec. 15, 1993, to shareholders of record Nov. 30, 1993.
 As of Sept. 30, 1993, Society Corporation had more than $26 billion in assets, $2.0 billion in equity capital, over $4.0 billion of market capitalization and more than 445 banking offices in Ohio, Michigan, Indiana and Florida. Through its affiliates, Society engages in commercial banking, consumer banking, mortgage banking and leasing, and investment management and trust services.
 On Oct. 4, 1993, Society Corporation and KeyCorp (NYSE: KEY) of Albany, N.Y., announced the signing of a definitive agreement to merge. The transaction, which requires approval of shareholders of both Society and KeyCorp, as well as the receipt of regulatory approvals, is expected to close about March 31, 1994. The new company would be headquartered in Cleveland, and rank as the 10th largest bank holding company in the nation, with more than $58 billion in total assets and nearly 1,400 branch and affiliate offices in 18 states.
 -0- 11/18/93
 /CONTACT: John Fuller (media), 216-689-8140, or Jay Gould (analysts), 216-689-4721, both of Society Corporation/
 (SCY KEY)


CO: Society Corporation ST: Ohio IN: FIN SU: DIV

KL-BM -- CL009 -- 5958 11/18/93 10:57 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 18, 1993
Words:223
Previous Article:ACORDIA ANNOUNCES QUARTERLY DIVIDEND
Next Article:HECHINGER COMPANY REPORTS THIRD QUARTER EARNINGS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters