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BANK SOUTH DOUBLES CASH DIVIDEND

 ATLANTA, Aug. 19 /PRNewswire/ -- The board of directors of Bank South Corporation (NASDAQ: BKSO) voted today to increase its quarterly dividend on the company's common stock from 4 cents per share to 8 cents per share.
 This dividend was declared payable Oct. 1 to shareholders of record on Sept. 15.
 Bank South's dividend was reinstated in February 1993 as a result of the company's improved performance, after having been suspended in July 1991.
 At the end of the second quarter of 1993, average shareholder's equity had increased by 33 percent to $365.9 million, compared to $275.8 million in the second quarter of 1992. Net income for the second quarter was $14.2 million, or 32 cents per share. This compares to $1.6 million, or 4 cents per share for the same period of 1992. Non-performing assets totaled $80.4 million at the end of the second quarter, compared to $155.1 million a year earlier, a decrease of 48 percent.
 Bank South earned year-to-date net income of $27.4 million, or 63 cents per share. Additionally, the company's "Trade In Your Bank" marketing campaign which was launched in June has led to new banking relationships with 20,000 consumer households. Marketing programs continue to emphasize the bank's unique and convenient delivery system and its status as the only remaining Atlanta-based regional bank. Recently, Bank South initiated an innovative new service whereby customers can actually apply for loans and obtain access to other banking services by phone during extended and more convenient hours, seven days a week. The Bank South Tele-Services line is 404-452-2006 in Atlanta, or 800-841-5742 outside Atlanta.
 Bank South Corporation is a $4.6 billion, multi-bank holding company with 132 offices throughout metro Atlanta, Georgia, and Pensacola, Fla.
 -0- 8/19/93
 /CONTACT: Lori Brannen of Bank South, 404-529-4150/
 (BKSO)


CO: Bank South Corporation ST: Georgia IN: FIN SU: DIV

BN-RA -- AT007 -- 4452 08/19/93 15:47 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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