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| PRESS RELEASE | |
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For Immediate Release November 16, 2004 |
Contact: Paul Eckroth |
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Special Dividend of $25 per Share |
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Chicago, IL - November 16, 2004 - (Symbol/MNAT.PK)-- Marquette National Corporation today announced that its Board of Directors declared a special cash dividend of $25 per share. The special dividend will be payable on January 13, 2005 to shareholders of record on December 17, 2004. The Board of Directors also agreed to increase the regular quarterly dividend rate from $2.75 per share to $6.25 per share. The new dividend rate will apply to the quarterly dividend declared in January, 2005 and paid in April, 2005. As of October 31, 2004, Marquette had 252,617 shares issued and outstanding. Commenting on the special dividend, Marquette Chairman, Paul M. McCarthy, said, "The lower tax rates on dividends continue to provide an opportunity for the Company to return capital to our shareholders in the form of a special dividend. A special dividend is a simple, fair, transparent process in which all shareholders participate equally in a cash distribution." Marquette National Corporation is a diversified bank holding company with total assets of approximately $1.4 billion. The Company's banking subsidiary, Marquette Bank, is a full-service, customer-focused community bank that serves the financial needs of communities in southwestern Chicagoland, offering an extensive line of financial products including retail banking, insurance, investments, mortgage, trust and business banking to consumers and commercial customers. Marquette Bank has offices located in Chicago, Aurora, Bridgeview, Evergreen Park, Hickory Hills, Naperville, New Lenox, Oak Lawn, Orland Park, Romeoville and Summit, Illinois. For more information visit: http://www.emarquettebank.com Special Note Concerning Forward-Looking Statements This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should" or other similar expressions. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. |