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FIRST SOUTHERN BANCORP, INC. DECLARES QUARTERLY DIVIDEND

 ASHEBORO, N.C., July 1 /PRNewswire/ -- The Board of Directors of First Southern Bancorp, Inc. (NASDAQ: FSOU), has declared a quarterly dividend of 8 cents per share payable on July 30, 1993, to shareholders of record on July 15, 1993.
 First Southern Bancorp, Inc., was formed to acquire all the stock of First Southern Savings Bank, Inc., SSB, upon its conversion from a mutual savings bank to a stock savings bank on Feb. 22, 1993.
 First Southern's stock price closed at $14.375 on June 30, 1993, up from the initial offering price of $10.00.
 First Southern Bancorp, Inc., offers a wide range of banking and financial services through its subsidiary, First Southern Bank, Inc., SSB, with nine branches in seven cities located in Piedmont and Western North Carolina.
 First Southern Bancorp, Inc., reported earnings of $828,445 for the first quarter of 1993 and had total assets of $288.7 million at March 31, 1993.
 -0- 7/1/93
 /CONTACT: T. Allen Liles, C.F.O., First Southern Bancorp, Inc./
 (FSOU)


CO: First Southern Bancorp, Inc. ST: North Carolina IN: FIN SU: DIV

MM -- CH011 -- 7807 07/01/93 14:09 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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