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MIDLANTIC TO PAY DIVIDEND

Midlantic Corp., a New Jersey-based banking company that owns Central Trust Co. of Rochester, will pay a regular 47-cent quarterly dividend to stockholders despite anticipation of a modest loss in the second quarter, the firm said.

The company also announced that it is scheduled to be examined by the Comptroller of the Currency next month.

The dividend will be paid July 16 to stockholders of record on July 2.

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