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GWINNETT BANCSHARES TO EXPAND RANGE OF SERVICES

 LAWRENCEVILLE, Ga., March 23 /PRNewswire/ -- Gwinnett Bancshares, Inc. (NASDAQ: GBSI), the holding company for Gwinnett Federal Bank, FSB, of Lawrenceville, has reported that in a move to expand the range of services at Gwinnett Federal, investment brokerage products are now available in Gwinnett Federal lobbies through an arrangement with INVEST Financial Corporation, a subsidiary of Kemper Financial Services, Inc.
 Each of the bank's branch offices will have an INVEST Center where the general public, as well as bank customers, can obtain professional, objective investment advice, carefully researched investment recommendations and choose from a wide variety of financial products. INVEST will provide convenient access to tax-deferred annuities, mutual funds, U.S. government securities, and unit investment trusts along with free financial planning and portfolio services.
 James F. Pack, chairman and chief executive officer of Gwinnett Federal Bank, commented: "Through INVEST, we are making available a wide range of quality services and financial opportunities. Clients will be able to sit down with an INVEST representative and get personalized investment advice."
 INVEST, headquartered in Tampa, Fla., pioneered the on-site delivery of securities and insurance products to customers of banks and thrifts and is the largest provider of full-service brokerage and insurance programs through financial institutions.
 Gwinnett was established in 1931 and has seven offices in Gwinnett County. The common stock of Gwinnett Bancshares is traded over-the- counter and quoted on the National Association of Securities Dealers Automated Quotation (NASDAQ) System under the symbol "GBSI."
 -0- 3/23/93
 /CONTACT: James F. Pack, chairman and chief executive officer, or Phillip D. Sapp, senior vice president-Marketing of Gwinnett Bancshares, 404-995-6000/
 (GBSI)


CO: Gwinnett Bancshares, Inc.; INVEST Financial Corporation ST: Georgia IN: FIN SU:

BR-RA -- AT014 -- 8710 03/23/93 13:46 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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