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FIRST GEORGIA HOLDING, INC. REPORTS ANNUAL RESULTS

 FIRST GEORGIA HOLDING, INC. REPORTS ANNUAL RESULTS
 BRUNSWICK, Ga., Dec. 9 /PRNewswire/ -- First Georgia Holding, Inc. (NASDAQ: FGHC) reports a net loss of $1,222,118 or $1.39 per share for the year ended Sept. 30, vs. earnings of $402,598 or $.46 per share for the year ended Sept. 30, 1990.
 The loss primarily resulted from management's decision to make a one-time allocation of $1 million to the loan loss reserve and a $500,000 allocation for losses incurred in their Atlanta construction lending operation which has now been closed.
 All per share information based upon 879,434 shares.
 -0- 12/9/91
 /CONTACT: Robert E. Curry Jr., vice president and controller of First Georgia Holdings, 912-267-7283/
 (FGHC) CO: First Georgia Holdings, Inc. ST: Georgia IN: FIN SU: ERN


BR-CF -- AT009 -- 0600 12/09/91 13:46 EST
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Publication:PR Newswire
Date:Dec 9, 1991
Words:140
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