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SOUTHTRUST BANK SIGNS LEASE WITH ONE GEORGIA CENTER

 ATLANTA, Dec. 2 /PRNewswire/ -- SouthTrust Bank of Georgia, N.A., and Steinemann & Company announce the relocation of SouthTrust's corporate headquarters to the One Georgia Center building at 600 W. Peachtree St., Atlanta.
 SouthTrust has leased approximately 80,000 square feet of office space in the building and will be moving to One Georgia Center in April 1994. Plans are being made to have the SouthTrust name put on top of the building.
 "We are looking forward to having a signature presence in Atlanta. This building affords a lot of visibility from the interstate as well as offering us the opportunity to design a banking facility which will better meet our customers' and corporate needs," said Tom Coley, chairman and chief executive officer, SouthTrust Bank of Georgia. "In addition, the new building has covered parking for our employees, is located adjacent to the MARTA rail line and is easily accessible from the interstate for the convenience of our customers and employees."
 Coley said the bank is committed to downtown Atlanta and this move will allow SouthTrust to continue to support the downtown area while meeting the needs of its growing company.
 F.C. "Duke" Steinemann of Steinemann & Company, owner/manager of One Georgia Center, said: "We are excited about having SouthTrust Bank as part of One Georgia Center. We believe they will be an excellent addition to the Georgia Center project." Steinemann & Company is an Atlanta-based full-service real estate company.
 Georgia Center, located at the corner of West Peachtree and North Avenue, is a mixed use project with a 440,000-square-foot office tower, 1,100 space parking garage and an adjoining 505-room Renaissance Hotel. In addition, there are two remaining office building sites in the development. Georgia Center is the northern most downtown project with ready expressway access to the new Georgia 400.
 SouthTrust Bank of Georgia, headquartered in Atlanta, has 86 branch offices with assets of $2.5 billion and employs 1,200 people in the Atlanta metro area. The bank is a subsidiary of SouthTrust Corporation (NASDAQ: SOTR), a $14.2 billion multi-state bank holding company headquartered in Birmingham, Ala., with affiliate banks in Alabama, Georgia, Florida, South Carolina, North Carolina and Tennessee.
 -0- 2?/2/93
 /CONTACT: Tom Coley, chairman and CEO, 404-230-8714, or Lynn Horvat, marketing director, 404-230-8506, both of SouthTrust Bank of Georgia, N.A./
 (SOTR)


CO: SouthTrust Bank of Georgia, N.A.; One Georgia Center ST: Georgia IN: FIN SU:

BR-CF -- AT018 -- 0005 12/02/93 17:08 EST
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Publication:PR Newswire
Date:Dec 2, 1993
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