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CAROLINA FIRST DECLARES CASH AND STOCK DIVIDENDS

 LINCOLNTON, N.C., Nov. 16 /PRNewswire/ -- Carolina First BancShares, Inc. declared a 10 percent stock dividend to shareholders of record Dec. 10, payable Dec. 29, in an announcement made today by D. Mark Boyd III, chairman of the board of directors.
 Boyd also announced the declaration of a $.10 per share quarterly dividend to shareholders of record Dec. 3, payable Dec. 21.
 This announcement completes the first full year of quarterly cash dividends totaling $.40 per share for Carolina First and the first time the company has paid both a cash and stock dividend in the same year. In making the announcement Boyd said, "The directors wanted to share with the stockholders the results of the record growth and profits the company is now experiencing."
 Carolina First BancShares, Inc. is the parent company of Cabarrus Bank of North Carolina and Lincoln Bank of North Carolina. Its stock is traded over the counter.
 -0- 11/16/93
 /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 -- AT013 -- 5159 11/16/93 16:53 EST
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Publication:PR Newswire
Date:Nov 16, 1993
Words:187
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