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FIRST NATIONAL BANCORP DECLARES THIRD QUARTER DIVIDEND

 FIRST NATIONAL BANCORP DECLARES THIRD QUARTER DIVIDEND
 GAINESVILLE, Ga., Aug. 31 /PRNewswire/ -- A third quarter 1992


dividend of 24.5 cents per share has been declared by the board of directors of First National Bancorp (NASDAQ: FBAC), Gainesville, Ga.
 The third quarter dividend represents an increase of 16.7 percent over the 21 cents declared for third quarter 1991 and compares favorably to the 23.5 cents declared for second quarter 1992. The dividend is payable Oct. 1 to the shareholders of record Sept. 14.
 The dividend is in accord with the company's announced objective to increase per share dividends at least 18 percent per year until the cash pay-out approximates 35 percent of normalized net income.
 First National Bancorp, with assets of over $1.8 billion, is a north Georgia-based bank holding company with 12 affiliate banks.
 -0- 8/31/92
 /CONTACT: Peter D. Miller, president/CFO of First National Bancorp, 404-535-5566/
 (FBAC) CO: First National Bancorp ST: Georgia IN: FIN SU: DIV


BN-EA -- AT007 -- 4983 08/31/92 13:01 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 31, 1992
Words:173
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