Printer Friendly

FIRST LIBERTY ANNOUNCES ELECTION OF DIRECTORS

 FIRST LIBERTY ANNOUNCES ELECTION OF DIRECTORS
 MACON, Ga., March 2 /PRNewswire/ -- First Liberty Financial


Corp. (NASDAQ-NMS: FLFC) announced the re-election of its six-member board of directors at its 1992 annual meeting of stockholders held on Feb. 26.
 Those directors are F. Don Bradford, Richard W. Carpenter, C. Lee Ellis, Robert F. Hatcher, William M. Lester Jr., and Thomas H. McCook. The company reported that approximately 83 percent of its outstanding shares were voted in the election and that approximately 99 percent of the votes cast were in favor of the six nominees.
 Robert F. Hatcher, First Liberty's president and chief executive officer, presented a business report to the stockholders in attendance at the meeting. Summarizing the company's accomplishments since the 1991 stockholders meeting, Hatcher said: "We not only meet but exceed our regulatory capital requirements; we have reported income from operations in each of our last five quarters; and the level of our non-performing assets continues to decline. We are pleased with these favorable trends and believe that fiscal 1992 will be a good year for the company."
 The company recently reported net income of $409,000 for the quarter ended Dec. 31, 1991, and an increase in stockholders' equity to $36 million at that date.
 First Liberty Financial Corp. is the holding company for Liberty Savings Bank, F.S.B., operating 18 banking offices in middle, coastal and south Georgia, a loan production office in Atlanta, and a statewide mortgage banking company (Liberty Mortgage Corporation). First Liberty common stock is quoted through the National Market System of the National Association of Securities Dealers (NASDAQ) under the symbol FLFC.
 -0- 3/2/92
 /CONTACT: David L. Hall, senior vice president and chief financial officer of First Liberty Financial, 404-936-3350/
 (FLFC) CO: First Liberty Financial Corp. ST: Georgia IN: FIN SU: PER


BN-BR -- AT004 -- 3780 03/02/92 09:15 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 2, 1992
Words:310
Previous Article:P&G SELLS ITALIAN COFFEE UNIT (PROCTOR AND GAMBLE)
Next Article:VICAL INC. COMPLETES FINANCING
Topics:


Related Articles
LIBERTY SAVINGS BANK TO ACQUIRE FIRST FEDERAL OF MILLEDGEVILLE
LIBERTY BANCORP, INC. DECLARES CASH DIVIDEND
FIRST LIBERTY COMMENCES QUARTERLY CASH DIVIDEND ON COMMON STOCK
FIRST LIBERTY TO ACQUIRE CENTRAL BANK, SWAINSBORO, GA.
FIRST LIBERTY ANNOUNCES QUARTERLY DIVIDENDS
FIRST LIBERTY ANNOUNCES QUARTERLY DIVIDENDS
COMMUNITY AND INDUSTRY LEADER JO S. WILBANKS TO BECOME DIRECTOR OF FIRST LIBERTY FINANCIAL CORP.
FIRST LIBERTY BANK AND TIFTON BANK & TRUST COMPANY TO JOIN FORCES
First Liberty Completes Acquisition of Middle Georgia Bank
First Liberty Reelects Four Directors

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters