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SUNBANK'S ACQUISITION OF TWO FIRST FEDERAL OF OSCEOLA OFFICES COMPLETE

 ORLANDO, Fla., June 23 /PRNewswire/ -- SunBank has received final regulatory approval to acquire $25 million of deposits of the Winter Garden and Ocoee offices of First Federal of Osceola, effective July 12, 1993.
 According to Dan Mahurin, executive vice president of Community Banking for SunBank, N.A., "Customers of both offices may continue to access their accounts and will be notified by mail of future changes. SunBank customers may begin using the two offices on July 12, 1993." He indicated that the conversion of accounts to the SunBank system will take place in late August. Both offices will be maintained until a permanent West Orange Office for SunBank is constructed.
 SunBank, N.A. is the largest bank in Central Florida with 66 offices located throughout Orange, Osceola, Seminole, Lake and Brevard counties. It currently has assets over $4.6 billion and deposits of more than $3.7 billion. SunBank, N.A. is a subsidiary of SunTrust Banks, Inc., a super regional bank holding company with nearly $38 billion in assets and more than 600 offices.
 -0- 6/23/93
 /CONTACT: John J. McGuire, executive vice president of SunBank, N.A., 407-237-5109/


CO: SunBank N.A.; First Federal of Osceola ST: Florida IN: FIN SU: TNM

RC-JB -- FL010 -- 5115 06/23/93 15:37 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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