Printer Friendly

MID-STATE FEDERAL SETTLES LAWSUIT AGAINST FIRST FLORIDA FOR $4.9 MILLION

 OCALA, Fla., Feb. 12 /PRNewswire/ -- Mid-State Federal Savings Bank (NASDAQ-NMS: MSSB) announced today that it has settled its lawsuit against First Florida Bank, N.A. and First Florida Banks, Inc. in exchange for a cash payment to Mid-State Federal of $4.9 million. The settlement proceeds received by Mid-State Federal will be subject to federal and state income taxes.
 Mid-State Federal is a publicly held, federally insured, and federally chartered stock savings bank with its common stock traded over-the-counter and quoted on the NASDAQ National Market System under the symbol "MSSB". With its home office in Ocala, Fla., the bank operates 21 branch offices within a four county area in west central Florida.
 -0- 2/12/93
 /CONTACT: David W. Parker, SVP & CFO of Mid-State Federal Savings Bank, 904-854-4100/
 (MSSB)


CO: Mid-State Federal Savings Bank; First Florida Bank, N.A.; First
 Florida Banks, Inc. ST: Florida IN: FIN SU:


JB -- FL012 -- 6266 02/12/93 15:59 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 12, 1993
Words:158
Previous Article:UNIVERSAL COMPLETES ACQUISITION OF THE CASALEE GROUP S.A.
Next Article:RICHEYIMPACT AND BRAJDAS TO MERGE; COMBINATION TO FORM 24TH-LARGEST ELECTRONICS DISTRIBUTOR IN NATION
Topics:


Related Articles
MID-STATE FEDERAL ANNOUNCES FIRST QUARTER RESULTS
ARCO, FOUR WESTERN STATES AGREE TO SETTLE CLAIMS IN FEDERAL COURT ANTI-TRUST SUIT
AMSOUTH TO ACQUIRE MID-STATE FEDERAL SAVINGS BANK
Finance Expert Says Commercial Federal Entitled to Approximately $230 Million in Damages From U.S.
Finance Expert Says Commercial Federal Entitled to Approximately $230 Million in Damages From U.S.(part 2).
Settlements Close Books on Southeast Banking Case; Trustee Agrees To $51 Million in Settlements.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters