For further information, contact:
Faye E. Feger
Senior Vice President &
Director of Corporate Finance
(717) 231-5705
KEYSTONE DECLARES QUARTERLY CASH DIVIDEND
HARRISBURG, Pa.-- July 20, 2000-Keystone Financial Inc., ("Keystone")(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 September 29, 2000 to shareholders of
record as of September 1, 2000.
In May, Keystone announced that it had entered into a definitive agreement for a
merger with M&T Bank Corporation of Buffalo, NY. Subject to the approval of
the merger by the shareholders of both Keystone and M&T Bank Corporation and the
applicable regulatory agencies, the transaction is expected to be completed in
the fourth quarter of 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 can be reached on the Internet at www.keyfin.com.
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