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FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF OSCEOLA COUNTY ANNOUNCES THE FORTHCOMING CLOSURE OF ITS TWO WEST ORANGE COUNTY OFFICES

 ST. CLOUD, Fla., Jan. 13 /PRNewswire/ -- F.F.O. Financial Group, Inc. (NASDAQ: FFFG), announced today that its wholly owned subsidiary, First Federal Savings and Loan Association of Osceola County, will cease operations at its two West Orange County branch offices located in Winter Garden and Ocoee, effective April 15, 1993. These branch closures were included in First Federal's Capital Restoration Plan which, as previously announced, was approved by the Office of Thrift Supervision earlier this month. The Association will continue with its strong presence in both Osceola and Brevard counties.
 Local economic conditions as well as First Federal's limited retail deposit market share in Orange County do not justify a continuing branch office presence in Orange County, according to James B. Davis, president of the Association.
 "Our ten remaining offices, five in Osceola County and five in Brevard County, will not be affected by the closure of the two West Orange County offices. In fact, we plan to enhance our product and service offerings in both Osceola and Brevard counties," said Davis.
 -0- 1/13/93
 /CONTACT: Phyllis A. Elam, chief financial officer of F.F.O. Financial Group, 407-957-7421/
 (FFFG)


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

JB-JJ -- FL009 -- 4543 01/13/93 15:58 EST
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Publication:PR Newswire
Date:Jan 13, 1993
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