CoreStates Financial Corp.

CoreStates Financial Corp. has revamped its dividend reinvestment program to make it easier and cheaper to use.

The Philadelphia bank is now allowing shareholders to reinvest dividends to purchase new shares at a discount to the current market price, and they will also be allowed to make additional cash purchases at the full market price.

Other banks have seen investors sharply increase the use of their dividend reinvestment programs when they offer similar terms.

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