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SOUTHTRUST RECEIVES FEDERAL RESERVE APPROVAL FOR THE ACQUISITION OF BMR FINANCIAL

 ATLANTA, Nov. 11 /PRNewswire/ -- BMR Financial Group, Inc. (NASDAQ: BMRG) and SouthTrust Corporation of Birmingham, Ala. (NASDAQ: SOTR) announced that SouthTrust has received Federal Reserve approval of the acquisition of BMR, which is the last required regulatory approval for the transaction.
 The shareholders of BMR have previously approved the merger agreement. The parties intend to close the transaction on Dec. 15. Consummation of the transaction is subject to compliance by the parties with various covenants and satisfaction of a number of other conditions, including such matters as the absence of any material adverse developments relating to BMR's business.
 -0- 11/11/93
 /CONTACT: Michael J. Williams, chief financial officer, BMR Financial, 404-938-8050, or Jeannie Colquett, vice president, SouthTrust Corporation, 205-254-5523/
 (BMRG SOTR)


CO: BMR Financial Group, Inc.; SouthTrust Corporation ST: Georgia, Alabama IN: FIN SU: TNM

BR-RA -- AT007 -- 3168 11/11/93 11:02 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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