For further information, contact:
Donald F. Holt
Executive Vice President &
Chief Financial Officer
(717) 231-5704
KEYSTONE DECLARES QUARTERLY CASH DIVIDEND
HARRISBURG, Pa.-- May 25, 2000-Keystone Financial Inc., (NASDAQ, NMS: KSTN), the
fourth largest financial institution headquartered in Pennsylvania, announced
that its Board of Directors declared a regular cash dividend of 29 cents per
share, payable on July 20, 2000 to shareholders of record as of July 10, 2000.
Last week, Keystone announced that it had entered into a definitive agreement
for a merger with M&T Bank Corporation. This transaction, which is subject to a
number of conditions, is expected to be completed in late 2000.
Keystone Financial, Inc., with assets of approximately $7 billion, is the
holding company for Keystone Financial Bank, N.A. which has more than 175
community offices in Pennsylvania, Maryland and West Virginia and a Mobile
Banking Unit which operates throughout the tri-state area. Keystone also
operates Martindale Andres & Co., an investment-management services provider;
Keystone Financial Mortgage Co.; MMC&P, a retirement-benefit services firm,
Keystone Brokerage, LLC; offering full service investment planning and discount
brokerage, and a 24-hours-a-day, seven days a week Telephone Banking Center. For
more information, Keystone Financial can be reached on the Internet at
www.keyfin.com.
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