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KASH N' KARRY AND FIRST NATIONAL BANK OF CENTRAL FLORIDA EXPAND SEVEN-DAYS-A-WEEK, IN-STORE BANKING AGREEMENT

 TAMPA, Fla., July 20 /PRNewswire/ -- Kash n' Karry Food Stores, Inc. and First National Bank of Central Florida announced Tuesday an expansion of their seven-days-a-week, in-store banking initiative. First National will operate the bank branches previously operated by First Florida Bank in five Kash n' Karry stores in Tampa. It is expected that regulators will approve the agreement and First National will re-open the five Tampa branches by the end of September.
 First National also agreed to open and operate a branch in Kash n' Karry's new store in the Hyde Park neighborhood in Tampa. The Orlando- based bank already has a full-service branch in one of Kash n' Karry's Ocala stores.
 Kash n' Karry CEO Ron Floto said offering full-service banking in its stores enhances the "one-stop shopping" philosophy of the 115-store chain. "Both companies see it as a fresh way to serve our customers, particularly during the hours not served by traditional banks," Floto said. "We want to give our customers one more compelling reason to walk through the front door of a Kash n' Karry store."
 The agreement accelerates First National's expansion strategy, which is anchored in full-service in-store branches and provides an opportunity to expand into the Tampa Bay area as well as other key markets that Kash n' Karry serves. First National President Martin R. Hartmann said the bank has opened 10,000 accounts since it opened its first in-store branch in October 1992. First National's assets have grown by 65 percent from October 1992 through the end of June 1993, he said.
 First National also operates nine other bank branches throughout Central Florida with the Gooding's supermarket chain.
 The branches will be open seven days a week and operate approximately 60 hours weekly. They will offer all general banking services such as deposit products, consumer loans, safe deposit boxes, residential mortgages and MasterCard services.
 -0- 7/20/93
 /CONTACT: Richard D. Coleman of Kash n' Karry, 813-621-0273; or Martin R. Hartmann of First National Bank of Central Florida, 407-774-3000/


CO: Kash n' Karry Food Stores, Inc.; First National Bank of Central
 Florida ST: Florida IN: REA FIN SU:


RC-AW -- FL006 -- 6666 07/20/93 10:09 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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