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BANK SOUTH MAY SELL SECURITIES DURING FOURTH QUARTER

 BANK SOUTH MAY SELL SECURITIES DURING FOURTH QUARTER
 ATLANTA, Oct. 19 /PRNewswire/ -- Bank South (NASDAQ: BKSO) announced today that, if market conditions warrant, it plans to sell $493 million in mortgage-backed securities during the fourth quarter, resulting in a substantial gain.
 "We believe that, barring an unexpected change in the market, the timing will be right for the sale of these securities prior to the end of the year," said Ralph E. Hutchins Jr., senior executive vice president and chief financial officer. "This restructuring will further enhance capital, and is expected to improve returns from the portfolio."
 In the company's third quarter earnings announcement that was released on Oct. 15, Bank South said it had classified $493 million in mortgage-backed securities as "held for sale" as of Sept. 30. The market value of these securities was in excess of $520 million on Sept. 30.
 Bank South Corporation is a $4.8 billion, two-bank holding company with 138 offices throughout Georgia and northwest Florida. The company's stock is traded on the NASDAQ Exchange under the symbol BKSO.
 -0- 10/19/92 R
 /CONTACT: Bo Spalding of Bank South, 404-529-4238/
 (BKSO) CO: Bank South Corporation ST: Georgia IN: FIN SU:


BN -- AT018 -- 1796 10/19/92 16:24 EDT
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Date:Oct 19, 1992
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