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F.F.O. FINANCIAL GROUP, INC. COMPLETES SALE OF 5 MILLION SHARES OF COMMON STOCK

 ST. CLOUD, Fla., Sept. 27 /PRNewswire/ -- F.F.O. Financial Group, Inc. (NASDAQ: FFFG) announced that it has completed the sale of 5 million newly issued shares of the company's common stock to Florida businessman William R. Hough at a cash purchase price of $1.10 per share, or an aggregate of $5,500,000.
 The net proceeds of the sale were invested in the capital of the company's wholly owned savings and loan association subsidiary, First Federal Savings and Loan Association of Osceola County, bringing the Association into compliance with all of its regulatory capital requirements.
 The company also announced that trading in the company's common stock has been transferred from the NASDAQ National Market System to the NASDAQ "small cap" market.
 -0- 9/27/93
 /CONTACT: James B. Davis, chief executive officer of F.F.O. Financial Group, 407-957-7401/
 (FFFG)


CO: F.F.O. Financial Group, Inc. ST: Florida IN: FIN SU:

RK-AW -- FL013 -- 6112 09/27/93 17:28 EDT
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Publication:PR Newswire
Date:Sep 27, 1993
Words:163
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