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F.F.O. FINANCIAL GROUP, INC. SELLS SBA LENDING BUSINESS

 F.F.O. FINANCIAL GROUP, INC. SELLS SBA LENDING BUSINESS
 ST. CLOUD, Fla., Dec. 23 /PRNewswire/ -- F.F.O. Financial Group, Inc. (NASDAQ: FFFG), announced today that it has completed the previously announced transaction to transfer the small business lending license and certain of the non-financial assets of its small business lending subsidiary, Gulf American SBL, Inc. for a purchase price of $1.1 million.
 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. Gulf American SBL, Inc. is a subsidiary of First Federal/Osceola.
 -0- 12/23/91
 /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.; Gulf American SBL, Inc. ST: Florida IN: FIN SU:


JJ-SS -- FL013 -- 4950 12/23/91 16:26 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:151
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