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FIRST COMMERCIAL BANCSHARES, INC. DECLARES DIVIDEND

 FIRST COMMERCIAL BANCSHARES, INC. DECLARES DIVIDEND
 BIRMINGHAM, Ala., April 29 /PRNewswire/ -- First Commercial


Bancshares, Inc. (NASDAQ: FSCB) announced today that its board has declared a quarterly cash dividend of $.18 per share, to be paid on July 1.
 The dividend will be payable to shareholders of record at the close of business on June 12 with an ex-dividend date of June 8. Total assets for the Alabama-based bank holding company as of March 31 were $877.9 million with net income of $2.4 million for the three months ended March 31.
 On April 7, the company announced that it had signed a letter of intent with Synovus Financial Corp. (NYSE: SNV) of Columbus, Ga. Under the proposed letter of intent, Synovus will exchange 1.5 of its shares for each outstanding share of First Commercial (subject to certain adjustments for fluctuations in the price of Synovus shares). The proposed transaction is subject to the due diligence review of both parties, all necessary regulatory approvals, and the approval of First Commercial's shareholders.
 First Commercial Bancshares, Inc. has five banking subsidiaries: First National Bank of Jasper, First Commercial Bank in Birmingham, The Bank of Tuscaloosa, Sterling Bank in Montgomery, and First Commercial Bank of Huntsville.
 -0- 4/29/92
 /CONTACT: Robert M. Couch of First Commercial Bancshares, 205-868-4819/
 (FSCB SNV) CO: First Commercial Bancshares, Inc. ST: Alabama IN: FIN SU: DIV


EA-BN -- AT005 -- 4223 04/29/92 09:36 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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