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CHARTER FEDERAL ANNOUNCES CHANGE IN NASDAQ TRADING SYMBOL TO CHFD

 BRISTOL, Va., Aug. 24 /PRNewswire/ -- Charter Federal (NASDAQ: CHFDC) announced today that, as a result of the successful completion of the savings bank's rights offering on Aug. 13, 1993, the company is now in compliance with all listing requirements of the National Association of Securities Dealers. Charter Federal has been notified that, effective Aug. 25, 1993, the savings bank's common stock will continue to be listed on the NASDAQ Small Cap Market and its trading symbol will change from "CHFDC" to "CHFD".
 Charter Federal, which began operation in 1920, is a federally chartered stock savings bank headquartered in Bristol, Va., with 26 offices throughout southwest Virginia and northeast Tennessee. At June 30, 1993, pro forma for the rights offering, Charter Federal had $720 million in assets, $574 million in deposits, and $32.7 million in stockholders' equity.
 -0- 8/24/93
 /CONTACT: Cecil R. McCullar, President and Chief Executive Officer of Charter Federal Savings Bank, 703-645-5220/
 (CHFDC CHFD)


CO: Charter Federal Savings Bank ST: Virginia, Tennessee IN: FIN SU:

MM -- CH001 -- 5348 08/24/93 09:25 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:178
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