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ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE CASH DIVIDEND

 THOMSON, Ga., July 15 /PRNewswire/ -- Allied Bankshares, Inc. (NASDAQ: ABGA) announced today that the company's board of directors has declared a regular quarterly cash dividend of $.10 per share payable on Sept. 1, 1993 to stockholders of record as of Aug. 13, 1993.
 The present quarterly dividend of $.10 per share represent a 21 percent increase in the dividend rate compared to the third quarter 1992 dividend after adjustments for two 10 percent stock dividends paid in November 1992 and June 1993.
 The company previously reported that 1993 second quarter earnings per share increased 17 percent to $.28 from $.24 for the second quarter of 1992. Six month earnings per share for 1993 increased 28 percent to $.55 as compared to $.43 for 1992.
 -0- 7/15/93
 /CONTACT: Ben O. Howell Jr., chief financial officer, of Allied Bankshares, 706-595-1142/
 (ABGA)


CO: Allied Bankshares, Inc. ST: Georgia IN: FIN SU: DIV

RA-CF -- AT012 -- 2171 07/15/93 16:17 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
Words:160
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