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CONCORD FINANCIAL GROUP SELECTED TO PROVIDE MUTUAL FUNDS FOR FIRST AMERICAN TRUST CO. OF NASHVILLE

 NEW YORK, April 1 /PRNewswire/ -- Concord Financial Group, Inc., has been selected as the mutual fund provider for First American Trust Company N.A. in Nashville, it was announced today by Richard E. Stierwalt, chief executive officer of Concord.
 "Concord is very pleased to be associated with First American Trust Company," said Stierwalt. "Concord was chosen because of its multi- faceted distribution capabilities, including strong institutional and retail programs, which has made Concord a leading administrator and distributor of proprietary funds."
 The new agreement marks Concord's expansion into a new region of the country. Other Concord bank clients are based in New York, Illinois, California and Florida.
 With more than $30 billion in mutual fund assets under administration as of March 25, 1993, Concord is one of the largest administrators of proprietary mutual funds. Clients include Bank of America, the Bank of New York, Barnett Banks Inc., the Chase Manhattan Bank, Continental Bank and United States Trust Company.
 -0- 4/1/93
 /CONTACT: Laura Berger or Stan Appenzeller both of Arlen Financial Communications, 212-966-5100, for Concord Financial Group, Inc./


CO: Concord Financial Group, Inc. ST: New York, Tennessee IN: FIN SU:

PS-LR -- NY060 -- 2016 04/01/93 12:19 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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