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BANCFLORIDA COMMENTS ON INCREASES IN TRADING VOLUME

 NAPLES, Fla. Nov. 16 ~PRNewswire~ -- Officials of BancFlorida Financial Corporation (NYSE: BFL) the ("company"), whose primary subsidiary is BancFlorida, a federal Savings Bank (the "bank"), understand that there have been significant increases in both the price and trading volume of its common stock on the New York Stock Exchange in the past several days.
 Rudolph P. Guenzel, president and chief executive officer of both the company and the bank, states that he is not aware of any unusual development or other actions that should give rise to these increases.
 BancFlorida Financial Corporation had total assets of $1.5 billion and a book value per common share of $12.68 at Sept. 30, 1992. Dividends in arrears on the outstanding cumulative convertible preferred stock totaled $3.5 million as of Sept. 30, 1992. The company had outstanding 3,533,765 shares of common stock and 1,138,000 shares of cumulative preferred stock.
 -0- 11~16~92
 ~CONTACT: J. Michael Holmes of BancFlorida Financial Corporation, 813-597-1611~
 (BFL)


CO: BancFlorida Financial Corporation ST: Florida IN: FIN SU:

AK-AW -- FL012 -- 1349 11~16~92 13:58 EST
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Publication:PR Newswire
Date:Nov 16, 1992
Words:184
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