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BANKERS FIRST DECLARES QUARTERLY DIVIDEND AND ANNOUNCES 1991 ANNUAL EARNINGS

 BANKERS FIRST DECLARES QUARTERLY DIVIDEND
 AND ANNOUNCES 1991 ANNUAL EARNINGS
 AUGUSTA, Ga., Jan. 21 /PRNewswire/ -- Bankers First Corporation (NASDAQ-NMS: BNKF) today declared its regular quarterly dividend of $.07 per share.
 The dividend will be paid to stockholders of record on Jan. 31. The payments will be made on Feb. 14.
 The company also announced earnings of $2.798 million, or $.64 per share, before extraordinary item, compared to a net loss of $18.271 million, or $4.21 per share, in 1990. Lower provision for loan losses, an increase in net interest margin, and lower operating expenses contributed to the improvement in operating results. Also, a loss of $11.5 million on the sale of Athens Federal Savings Bank was included in the company's 1990 results.
 Bankers First Corporation is a financial services company principally serving the Augusta, Rossville (Chattanooga, Tenn.) and Savannah, Ga., markets with 25 banking offices and 27 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- 1/21/92
 /CONTACT: Glenn W. Peters, corporate vice president and chief financial officer of Bankers First, 404-823-3235/
 (BNKF) CO: Bankers First Corporation ST: Georgia IN: FIN SU: DIV


BN-BR -- AT010 -- 1813 01/21/92 12:06 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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