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BANKERS FIRST CORPORATION DECLARES DIVIDEND

 AUGUSTA, Ga., Nov. 16 /PRNewswire/ -- Bankers First Corporation (NASDAQ-NMS: BNKF) today declared a special dividend of $.10 per share.
 The dividend will be paid to shareholders of record on Nov. 30 and the payment will be made on Dec. 15. The board of directors of the company also reinstated the company's policy of paying regular quarterly dividends effective for 1994.
 The company also announced that the annual regulatory examinations of the company and its subsidiary bank, Bankers First Savings Bank, were completed during the third quarter. Because of the results of those examinations and the favorable financial trends of the company and the bank, the formal agreements that had been entered into with the Office of Thrift Supervision have been terminated.
 "We are very pleased that the OTS determined after our latest examination that these formal agreements were no longer needed," said H.M. Osteen Jr., chairman and chief executive officer of Bankers First. "It is indicative of the current financial strength of our company and a tribute to a dedicated group of employees whose efforts have resulted in the significant improvement in our performance in the last 18 months."
 Bankers First Corporation is a financial services company principally serving the Augusta and northwest Georgia (Rossville/Chattanooga, Tenn.), markets with 19 banking offices and 22 automated teller machines. The company's common stock is traded on the NASDAQ National Market System using the symbol BNKF. The abbreviation found in most newspaper listings is "Bankers First."
 -0- 11/16/93
 /CONTACT: Glenn W. Peters, corporate vice president and chief financial officer, Bankers First Corporation, 706-849-3235/
 (BNKF)


CO: Bankers First Corporation ST: Georgia IN: FIN SU: DIV

BR-BN -- AT006 -- 5007 11/16/93 11:03 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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