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SOUTHTRUST RECEIVES OCC APPROVAL FOR FIRST AMERICAN PURCHASE

 SOUTHTRUST RECEIVES OCC APPROVAL FOR FIRST AMERICAN PURCHASE
 ATLANTA, May 1 /PRNewswire/ -- SouthTrust Corporation (NASDAQ: SOTR) has received final approval from the Office of the Comptroller of the Currency for the acquisition of certain assets and liabilities of First American Bank of Georgia N.A., announced Thomas H. Coley, chairman and president of SouthTrust Bank of Georgia.
 SouthTrust completed the acquisition effective with the close of business on April 30. All Atlanta-area offices of First American Bank opened as offices of SouthTrust Bank of Atlanta on May 1, Coley said.
 SouthTrust has assets of approximately $1 billion and currently operates 39 offices in the Atlanta metropolitan area. With the completion of the acquisition of First American Bank, SouthTrust operates more than 70 offices in Atlanta with approximately $2 billion in assets.
 "We are delighted to have this approval from the OCC which clears the way for our acquisition of First American," Coley said. "Since we entered exclusive negotiations for First American in January, everything has been pointing toward this. We believe that the customers of First American will really like doing business with SouthTrust, and we're all looking forward to working together for our new customers.
 "Our entire staff is doing its best to make this transaction as transparent as possible to all customers," Coley said. "We want our new First American customers to notice as little change as possible as they continue banking at their regular branches. Our customers have always been, and will continue to be, our primary focus."
 SouthTrust Bank is an affiliate of SouthTrust Corporation, a $10.4 billion multibank holding company operating more than 300 offices in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.
 -0- 5/1/92
 /CONTACT: Jeannie Colquett, 205-254-5523 (office) or 205-870-7487 (after hours), or Thomas H. Coley, 404-841-3472, both of SouthTrust/
 (SOTR) CO: SouthTrust Corporation; SouthTrust Bank of Georgia; First
 American Bank of Georgia N.A. ST: Georgia IN: FIN SU: TNM


BN-BR -- AT012 -- 5648 05/01/92 17:17 EDT
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Publication:PR Newswire
Date:May 1, 1992
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