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NATIONSBANK TO HOLD PUBLIC HEARING ON COMMUNITY INVESTMENT EFFORTS

 COLUMBIA, S.C., May 3 /PRNewswire/ -- NationsBank (NYSE: NB) will hold a public hearing in Columbia on Tuesday, May 11, to listen to public comment on its community investment efforts.
 "A large measure of the progress we've made in the community investment arena can be traced directly to ideas received from the people this program services," said Catherine P. Bessant, principal Community Investment executive for NationsBank. "We're hopeful this hearing will be another successful tool for assessing the needs of our communities."
 The public is invited to participate in the Columbia forum, scheduled to begin at 6 p.m. at the Chamber of Commerce at 930 Richland St. Testimony is open to all South Carolina residents. Those who wish to testify or participate in any way should contact Pete Prioleau at (803) 929-5422 to reserve a time to appear. Written testimony also is acceptable.
 Hearing the testimony will be a panel of NationsBank senior officers and leaders of community organizations.
 Panel members are J.T. McLawhorn, president and chief executive officer of the Columbia Urban League; Nelson Rivers, executive director of the NAACP, South Carolina State Conference; Joel Smith, NationsBank Carolinas president; Dabney Smith, NationsBank Carolinas Business Banking executive, and Monica McDaniel, NationsBank Carolinas Regional Community Investment manager. An independent facilitator will moderate.
 Those who wish to speak will have 10 minutes for a presentation. Panel members may take up to five minutes to query each speaker.
 The Columbia hearing is one of eight NationsBank will hold throughout its service area. For NationsBank, the purpose of the hearings is threefold; to assess the financial needs of historically underserved areas; to learn ways the bank can improve its Community Investment Program; and to give community leaders an opportunity to tell senior bank executives about the investment issues and needs in the neighborhoods where they live.
 The NationsBank Community Investment Program is a collection of special products and services designed for individuals from low- to moderate-income neighborhoods and for small businesses. Its goal is to ensure that NationsBank is the leading provider of credit and depository needs for all the segments of the communities it serves.
 During 1992, NationsBank lenders extended more than $2.2 billion in community investment loans. These results mark substantial first-year progress toward the bank's goal of making $10 billion in such loans within 10 years.
 -0- 5/3/93
 /CONTACT: Chris S. Spencer, Corporate Communications, NationsBank Corporation, 803-929-5427 or (home) 803-739-6676/
 (NB)


CO: NationsBank Corporation ST: South Carolina IN: FIN SU:

CM -- CH002 -- 3714 05/03/93 10:57 EDT
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Date:May 3, 1993
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