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CAROLINA FIRST BANCSHARES DECLARES QUARTERLY DIVIDEND

 LINCOLNTON, N.C., Feb. 24 /PRNewswire/ -- Carolina First BancShares Inc. (OTC) declared a $.10 per share quarterly dividend to shareholders of record March 5 payable March 23, in an announcement made today by D. Mark Boyd III, chairman of the board of directors.
 This dividend is the first cash dividend in the company's nine-year history, including Lincoln Bank, the forerunner of the bank holding company. "This is a significant milestone for Carolina First," stated Boyd, "and marks another major achievement in our continuing development. This dividend will provide a more tangible return on shareholders' investment and will also allow the company to retain adequate earnings to support future growth."
 Carolina First BancShares, Inc. is the parent company of Lincoln Bank and Cabarrus Bank. Its stock is traded over the counter.
 -0- 2/24/93
 /CONTACT: James E. Burt III of Carolina First BancShares, 704-732-6204/


CO: Carolina First BancShares, Inc. ST: North Carolina IN: FIN SU: DIV

BR-BN -- AT004 -- 9875 02/24/93 11:31 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:165
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