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FIRST LIBERTY COMMENCES QUARTERLY CASH DIVIDEND ON COMMON STOCK

 MACON, Ga., Nov. 23 /PRNewswire/ -- First Liberty Financial Corp. (NASDAQ: FLFC) announced that its board of directors had approved the payment of a quarterly cash dividend on the company's common stock and had declared an 8 cent per share dividend for the first quarter of the fiscal year.
 The dividend will be payable on Jan. 3, 1994, to stockholders of record as of Dec. 15, 1993.
 Commenting on the announcement, First Liberty's President and CEO Robert F. Hatcher said: "This is indeed a significant development for First Liberty and is reflective of the company's strength and the progress we've made in the past three years. We appreciate the support we have received from our stockholders in the past and are happy to be able to distribute some of the company's earnings to them."
 The company also announced the declaration of the regular quarterly dividend of 48.4375 cents per share to the holders of record as of Dec. 15 of its Series A 7.75 percent cumulative convertible preferred stock, also payable on Jan. 3, 1994.
 First Liberty Financial Corp. is the holding company for First Liberty Bank, which operates 26 banking offices in middle, coastal and south Georgia, a loan production office in Atlanta, and a mortgage banking company. First Liberty common stock is quoted through the National Market System of the National Association of Securities Dealers (NASDAQ) under the symbol "FLFC." First Liberty 7.75 percent Convertible Preferred Stock is quoted through the NASDAQ under the symbol "FLFCP."
 -0- 11/23/93
 /CONTACT: David L. Hall, senior vice president and chief financial officer, First Liberty Financial, 912-743-0911/
 (FLFC)


CO: First Liberty Financial Corp. ST: Georgia IN: FIN SU: DIV

BN-BR -- AT010 -- 7400 11/23/93 16:18 EST
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Publication:PR Newswire
Date:Nov 23, 1993
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