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FIRST NATIONAL BANCORP DECLARES SECOND QUARTER DIVIDEND

 FIRST NATIONAL BANCORP DECLARES SECOND QUARTER DIVIDEND
 GAINESVILLE, Ga., April 16 /PRNewswire/ -- A second quarter 1992 dividend of 23.5 cents per share has been declared by the board of directors of First National Bancorp (NASDAQ: FBAC), Gainesville, Ga.
 The second quarter dividend represents an increase of 17.5 percent over the 20 cents declared for second quarter 1991 and compares favorably to the 22.5 cents declared for first quarter, 1992. The dividend is payable July 1 to the shareholders of record June 15.
 The dividend is in accord with the company's announced objective to increase per share dividends at least 18 percent per year until the cash payout approximates 35 percent of normalized net income.
 First National Bancorp, with assets of over $1.8 billion, is a north Georgia-based bank holding company with 12 affiliate banks.
 -0- 4/16/92
 /CONTACT: Peter D. Miller, president and CFO of First National Bancorp, 404-535-5566/
 (FBAC) CO: First National Bancorp ST: Georgia IN: FIN SU: DIV


BR-BN -- AT020 -- 9362 04/16/92 14:02 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:174
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