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BMR BOARD ANNOUNCES RETIREMENT OF CHAIRMAN

 ATLANTA, March 11 /PRNewswire/ -- The board of directors for BMR Financial Group, Inc. (NASDAQ: BMRG) announced the retirement of James L. Greene as chairman, president and chief executive officer, effective March 19.
 Greene will continue to serve on the board of directors and be available to assist Peter S. Maher, who has been selected by the board to be the new chairman, president and chief executive officer, also effective March 19.
 Maher has served on BMR's board of directors since its inception in 1986. His extensive business background includes 15 years with State Street Bank in Boston, culminating in the position of vice chairman in charge of their Commercial Banking area.
 This change in management signals no change in the BMR board's continuing effort to explore all avenues to increase shareholder value.
 -0- 3/11/93
 /CONTACT: Michael Williams, chief financial officer of BMR Financial, 404-938-8050/
 (BMRG)


CO: BMR Financial Group, Inc. ST: Georgia IN: FIN SU: PER

BR-BN -- AT004 -- 8641 03/11/93 11:36 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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