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CAROLINA FINANCIAL OF CHARLESTON, S.C., LISTS ON THE AMERICAN STOCK EXCHANGE

          CAROLINA FINANCIAL OF CHARLESTON, S.C., LISTS ON
                   THE AMERICAN STOCK EXCHANGE
    NEW YORK, Nov. 15 /PRNewswire/ --  American Stock Exchange announced today that Carolina Financial Corporation of Charleston, S.C., began trading 805,000 shares of common stock.  Trading under ticker symbol CF, the stock opened on 100 shares at 12.
    The company previously traded in the NASDAQ National Market System under the symbol HFSB.
    Carolina Financial is a bank holding company.  Its principal subsidiary is Home Federal Savings Bank, a federally chartered and insured savings bank, operating three full-service offices in Charleston, S.C.
    For the year ended Sept. 30, 1991, the company reported a record net income of $1.5 million, or $1.92 per share, compared with net income of $1.3 million, or $1.56 per share for the same period ended Sept. 30, 1990.  Net interest income for this period was $5.3 million vs. $4.8 million.
    The American Stock Exchange is the second largest securities exchange in the United States and the largest American exchange with significant markets in both equities and derivative products.  Today, it is an international institution on the cutting edge of trading floor technology, new product development and expansion into world markets through system linkages and globally traded products.
    -0-        11/15/91
    /CONTACT: Lisa Neuner of American Stock Exchange, 212-306-2028/
    (CF) CO:  Carolina Financial Corporation ST:  South Carolina IN:  FIN SU: SM -- NY074 -- 1618 11/15/91 14:31 EST
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Publication:PR Newswire
Date:Nov 15, 1991
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