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F.F.O. FINANCIAL GROUP, INC. ANNOUNCES NEW DIRECTORS AND CHAIRMAN

 ST. CLOUD, Fla., Sept. 28 /PRNewswire/ -- F.F.O. Financial Group, Inc. (NASDAQ: FFFG) announced William R. Hough and Alfred T. May have been elected as directors of the company and its wholly owned savings and loan subsidiary, First Federal Savings and Loan Association of Osceola County. May was also elected chairman of the board of the company and the association.
 Hough is chairman and principal shareholder of William R. Hough & Co., a municipal securities firm headquartered in St. Petersburg, Fla. As previously announced on Sept. 27, 1993, Hough completed the purchase of 5 million newly issued shares of common stock of the company for an aggregate price of $5,500,000.
 May, also a resident of St. Petersburg, is a former thrift executive with over 30 years experience in the industry. He has previously served as president and chief operating officer of Mid-State Federal Savings Bank in Ocala (1989-92), president and chief operating officer of Barnett Bank of Pinellas County (1987-89), and president and chief executive officer of Home Federal Bank of Florida, F.S.B. (1981-87).
 James B. Davis, president and chief executive officer of the company and the association, said, "We are fortunate to acquire the expertise and knowledge that Bill Hough and Al May will bring to the company and the association."
 -0- 9/28/93
 /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: PER

JB-AW -- FL009 -- 6541 09/28/93 16:56 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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