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AMERICAN RESIDENTIAL HOLDING CORP. COMPLETES OFFERING OF 2.5 MILLION SHARES

 LA JOLLA, Calif., April 2 /PRNewswire/ -- American Residential Holding Corp. (NASDAQ-NMS: AMRS) ("American Residential"), parent of American Residential Mortgage Corp., one of the nation's leading mortgage lenders, and its underwriters, Salomon Brothers Inc. (lead manager), Alex Brown & Sons Inc. and Morgan Stanley & Co. Inc. announced the completion of an offering of 2.5 million new and existing shares of common stock at $20 per share. American Residential trades on the NASDAQ National Market System under the symbol AMRS.
 Eighty percent of the offering proceeds will be used by American Residential to increase origination capacity, to acquire servicing contracts and for general corporate purposes. Twenty percent of the proceeds will go to selling shareholders. Management sold no shares during this offering.
 Through its wholly owned subsidiary, American Residential Mortgage Corp. originates mortgages through 54 offices in 17 states. In 1992, the company closed $5.5 billion in residential mortgage loans and serviced a loan portfolio of $9.7 billion at Dec. 31, 1992.
 Copies of the prospectus may be obtained from Judith Berry, American Residential Holding Corp., 11119 N. Torrey Pines Road, La Jolla, CA 92037.
 -0- 4/2/93
 /CONTACT: Judith A. Berry, 619-535-4425, or Clay Strittmatter, 619-535-4433, both of American Residential/
 (AMRS)


CO: American Residential Holding Corp.; American Residential
 Mortgage Corp. ST: California IN: FIN SU: OFR


JB-MS -- SD002 -- 2493 04/02/93 12:01 EST
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Publication:PR Newswire
Date:Apr 2, 1993
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