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FIRST COMMERCIAL BANCSHARES DECLARES DIVIDEND

 FIRST COMMERCIAL BANCSHARES DECLARES DIVIDEND
 JASPER, Ala., Aug. 24 /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 Oct. 1.
 The dividend will be payable to shareholders of record at the close of business on Sept. 14, with an ex-dividend date of Sept. 8. Total assets for the Alabama-based bank holding company as of June 30 were $882 million with net income of $4.9 million for the six months ended June 30.
 On July 31, the company announced that it had signed a definitive merger agreement whereby First Commercial will merge with Synovus (NYSE: SNV) by means of a tax-free exchange of common stock. The transaction will be accounted for as a pooling of interests. Consummation of the merger is subject to the approval of the merger agreement by the shareholders of First Commercial and the approval of the appropriate federal and state regulatory authorities. It is expected that the merger will be completed by the end of 1992.
 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- 8/24/92
 /CONTACT: Robert M. Couch of First Commercial Bancshares, 205-868-4819/
 (FSCB SNV) CO: First Commercial Bancshares, Inc. ST: Alabama IN: FIN SU: DIV


BN-EA -- AT014 -- 2686 08/24/92 15:50 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
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