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F.F.0. FINANCIAL GROUP, INC. CONFIRMS ASSET SALES

 F.F.0. FINANCIAL GROUP, INC. CONFIRMS ASSET SALES
 ST. CLOUD, Fla., Jan. 9 /PRNewswire/ -- F.F.O. Financial Group,


Inc. (NASDAQ: FFFG) confirmed today that AT&T Small Business Lending Corporation was the purchaser of the small business lending license and certain of the nonfinancial assets of Gulf American SBL, Inc., F.F.O.'s wholly owned subsidiary. The previously announced transaction was completed on Dec. 23, 1991.
 F.F.O. also announced that its thrift subsidiary, First Federal Savings and Loan Association of Osceola County, has completed the sale of all of the assets of its real estate development subsidiary, First Osceola Service Corporation, to E.K.S., Inc. of Cocoa, Fla. The sale was consummated on Dec. 31, 1991.
 The announcements were made by James B. Davis, president, chairman, and chief executive officer of F.F.O. Davis said he was pleased that both transactions were completed on schedule prior to the end of F.F.O's fiscal year.
 F.F.O. is a Florida-based unitary savings and loan holding company. Its primary subsidiary, First Federal/Osceola, currently operates 12 full-service branches in Central Florida.
 -0- 1/9/92
 /CONTACT: Phyllis A. Elam, senior vice president and chief financial officer of F.F.O. Financial Group, Inc. 407-957-7421/
 (FFFG) CO: F.F.O. Financial Group, Inc. ST: Florida IN: FIN SU:


SS-AW -- FL002 -- 8066 01/09/92 08:47 EST
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Publication:PR Newswire
Date:Jan 9, 1992
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