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BMR FINANCIAL, SOUTHTRUST CORPORATION AMEND LETTER OF INTENT

 ATLANTA, May 28 /PRNewswire/ -- BMR Financial Group, Inc. (NASDAQ: BMRG) and SouthTrust Corporation (NASDAQ: SOTR) today announced amendment of their previously announced letter of intent relating to the acquisition of BMR by SouthTrust.
 The parties have agreed to increase the price to be paid for each share of BMR common stock from $6.25 to $6.30. The parties have also agreed to extend the deadline for execution of a definitive agreement to June 18.
 Consummation of the proposed transaction is subject to completion of due diligence by SouthTrust, negotiation, authorization and execution of a definitive agreement, and approval by BMR's shareholders and by various regulatory authorities.
 -0- 5/28/93
 /CONTACT: Michael J. Williams, chief financial officer of BMR Financial Group, 404-938-8050, or Jean Colquett, vice president of SouthTrust Corporation, 205-254-5523/
 (BMRG SOTR)


CO: BMR Financial Group, Inc.; SouthTrust Corporation ST: Georgia, Alabama IN: FIN SU: TNM

BN-TG -- AT006 -- 3487 05/28/93 16:01 EDT
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Publication:PR Newswire
Date:May 28, 1993
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