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CK BANK DECLARES SPECIAL DIVIDEND

 CK BANK DECLARES SPECIAL DIVIDEND
 CONCORD, N.C., Aug. 28 /PRNewswire/ -- The Board of Directors of CK


Federal Savings Bank (NASDAQ-NMS: CKSB) has declared a special, non-recurring dividend of $.21 per share, along with its regular quarterly dividend of $.12 per share, both of which are to be paid Sept. 30, 1992 to stockholders of record on Sept. 15, 1992.
 Simultaneous with this announcement, CK Bank and SouthTrust Corporation jointly announced the execution of an Agreement and Plan of Merger providing for the combination of CK Bank and SouthTrust Bank, F.S.B., a subsidiary of SouthTrust.
 -0- 8/28/92
 /CONTACT: Gabe S. Stewart, Chairman of the Board, President and CEO of CK Federal Savings Bank, 704-788-3193/
 (CKSB) CO: CK Federal Savings Bank ST: North Carolina IN: FIN SU: DIV TNM


SB -- CH007 -- 4389 08/28/92 12:41 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
Words:141
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