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FIRST NATIONAL BANCORP MERGER COMPLETED FOR 15TH AFFILIATE

 GAINESVILLE, Ga., Sept. 1 /PRNewswire/ -- The previously announced merger of The Community Bank of Carrollton and First National Bancorp (NASDAQ: FBAC) has been completed, according to an announcement by Tim Warren, president of Community Bank.
 Warren emphasized that there would be no change in the management or staff of The Community Bank of Carrollton, and that the bank would continue to be locally operated as The Community Bank of Carrollton under the leadership of the current board of directors.
 The Community Bank of Carrollton has $35 million in assets and is located in Carroll County, one of the fastest-growing counties in the state.
 Richard McNeece, chairman and CEO of First National Bancorp, expressed pleasure in the completed merger.
 "This merger, as well as the one completed in June with Bank of Villa Rica, positions First National Bancorp extremely well in Carroll County. We will have banks located in the two major markets of one of the fastest-growing counties in the state," he said. "We are excited to have them with us and look forward to working with Tim and everyone else involved with The Community Bank of Carrollton."
 The Community Bank of Carrollton becomes the 15th affiliate of First National Bancorp, a north Georgia-based company with $2 billion in assets.
 -0- 9/1/93
 /CONTACT: Corporate: Peter D. Miller, president and CFO, 404-503-2101, or, Media: Ronda Rich, communications officer, 404-503-2306, both of First National Bancorp/
 (FBAC)


CO: First National Bancorp; The Community Bank of Carrollton ST: Georgia IN: FIN SU: TNM

RA-BN -- AT005 -- 7922 09/01/93 11:31 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
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