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BANK SOUTH ESTABLISHES SECURITIES CORPORATION

 ATLANTA, Aug. 12 /PRNewswire/ -- Bank South Securities Corporation, a new subsidiary of Bank South Corporation (NASDAQ: BKSO), is now able to provide its customers with a broad range of investment services from Bank South offices in Alpharetta, Buckhead, Decatur, Forest Park, and downtown Atlanta.
 Under federal law, a traditional bank can offer only a limited range of investment services; however, Bank South Securities Corporation can offer almost any financial service available at a brokerage house.
 "Having Bank South Securities Corporation located in our branches is especially convenient for our customers because they can do their traditional banking and investing all in the same location," said Lee Sessions, head of Consumer, Investment Management and Trust Banking.
 "We are truly becoming a place that provides one-stop financial services including mortgages, trust services, private banking, small business services, all the traditional banking products, and now a broader range of investment services."
 The Bank South Securities officers who staff each of the branches are: Peter McHale in Alpharetta, Leslie Beach in Buckhead, Jamie Dickerson in Decatur (also serving Conyers), Valerie Scott in Forest Park, and Randy Knight in downtown Atlanta.
 Bank South joins an elite group of 33 bank holding companies nationwide that have their own securities subsidiaries. Others include Banc One, Bank of America, Chase, Chemical, Citicorp, First Chicago, and J.P. Morgan.
 Bank South Securities offers mutual funds, stocks, tax-exempt municipal bonds, U.S. Government securities, and other investments. Like traditional brokerage firms, Bank South Securities offers products that are not deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC). The obligations of Bank South Securities Corporation are not obligations of Bank South, N.A. or any other bank.
 -0- 8/12/93
 /CONTACT: Lori Brannen of Bank South, 404-529-4150/
 (BKSO)


CO: Bank South Securities Corporation ST: Georgia IN: FIN SU: PDT

BR-RA -- AT007 -- 2185 08/12/93 14:40 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
Words:314
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