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THE TRUSTCOMPANY BANCORPORATION ANNOUNCES 2-FOR-1 STOCK SPLIT

 JERSEY CITY, N.J., April 27 /PRNewswire/ -- Siggi B. Wilzig, chairman and president of the Trustcompany Bancorporation (NASDAQ: TCBC), parent company of the Trust Company of New Jersey, announced at the annual shareholders' meeting that the board of directors approved a two-for-one split of the common stock of the company. This action follows a four-for-one stock split in 1988 and a two-for-one stock split in 1990. On June 18, 1993, shareholders will receive one additional share for each share held on the record date of May 14, 1993.
 Wilzig further announced that based on the bank's continued strong earnings, the yearly dividend will be reviewed at the next board of directors meeting. During the last six years the dividend has been increased 300 percent.
 This stock split was prompted by the strong performance of Trustcompany stock, which has increased in market value 2,000 percent over the last ten years.
 The Trustcompany is the only major commercial bank in New Jersey with nine consecutive years of record earnings.
 The Trust Company of New Jersey, with assets of $2.4 billion, has 42 branch locations throughout New Jersey.
 -0- 4/27/93
 /CONTACT: Trust Company of New Jersey public relations, 201-420-2800/
 (TCBC)


CO: The Trustcompany Bancorporation ST: New Jersey IN: FIN SU:

GK-WB -- NY088 -- 1634 04/27/93 13:56 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:220
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