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BMR FINANCIAL GROUP HOLDS ANNUAL SHAREHOLDERS MEETING

 BMR FINANCIAL GROUP HOLDS ANNUAL SHAREHOLDERS MEETING
 ATLANTA, June 12 /PRNewswire/ -- BMR Financial Group, Inc. (NASDAQ: BMRG) on Wednesday held its annual shareholders meeting where the common and preferred shareholders of the company approved the agreements to dispose of the company's Georgia and Tennessee bank subsidiaries.
 All regulatory approvals necessary to complete the transactions have been obtained, except, in the case of the Americus, Ga., subsidiary, for Federal Reserve Board approval, which is expected shortly. It is expected that the transactions to dispose of the company's Tennessee and Swainsboro and Vidalia, Ga., banks will be completed effective during the second quarter. The transaction to dispose of the company's Americus, Ga., bank subsidiary is expected to be completed early in the third quarter, assuming receipt of Federal Reserve Board approval.
 -0- 6/12/92
 /CONTACT: Michael J. Williams, controller of BMR Financial Group, 404-938-7962/
 (BMRG) CO: BMR Financial Group, Inc. ST: Georgia IN: FIN SU: TNM


BN-BR -- AT002 -- 9547 06/12/92 09:04 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
Words:164
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