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FIRST LIBERTY FINANCIAL CORP. DECLARES PREFERRED STOCK DIVIDEND

 MACON, Ga., June 7 /PRNewswire/ -- First Liberty Financial Corp. (NASDAQ: FLFC) today announced that it had declared a dividend of 48.4375 cents per share on its Series A 7.75 percent Cumulative Convertible Preferred Stock.
 The dividend will be paid on July 1 to all holders of record as of June 15. This series of stock was issued in February 1993 and there are 460,000 shares outstanding. It is quoted through the National Market System of the National Association of Securities Dealers (NASDAQ) under the symbol FLFCP.
 The company also announced the termination of the 1990 supervisory agreement between the Office of Thrift Supervision and First Liberty Bank, the company's principal subsidiary.
 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 owns a mortgage banking subsidiary, Liberty Mortgage Corporation, which operates throughout Georgia and through correspondent relationships in several southeastern states. First Liberty common stock is quoted through NASDAQ under the symbol FLFC. First Liberty's 11 percent Subordinated Debentures; 8.25 percent Subordinated Debentures; and 8.25 percent Convertible Subordinated Debentures are traded through the inter-dealer quotation system commonly referred to as the "yellow sheets."
 -0- 6/7/93
 /CONTACT: Richard A. Hills Jr., senior vice president and general counsel of First Liberty Financial Corp., 404-936-3252/
 (FLFC)


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

RA-BR -- AT004 -- 5962 06/07/93 11:03 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:250
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