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MERGER COMPLETE FOR VILLA RICA BANCORP AND FIRST NATIONAL BANCORP

 GAINESVILLE, Ga., June 7 /PRNewswire/ -- The previously announced merger of Villa Rica Bancorp, Inc. and First National Bancorp (NASDAQ: FBAC) has been completed, according to an announcement by Fred O'Neal, president of Villa Rica Bancorp.
 O'Neal emphasized that there would be no change in the management or staff of Bank of Villa Rica, and that the bank would continue to be locally operated as Bank of Villa Rica under the leadership of the current board of directors.
 Villa Rica Bancorp, Inc. is the parent company of the 94-year-old Bank of Villa Rica, a bank with assets of $59 million. It is located in Carroll County.
 Richard McNeece, chairman and CEO of First National Bancorp, expressed pleasure on the completed merger.
 "Carroll County is a growing area which also adds an additional dimension to First National Bancorp's market presence in northwest Georgia. We are excited to have them with us and look forward to working with Fred and everyone else involved with Bank of Villa Rica."
 Bank of Villa Rica becomes the 14th affiliate of First National Bancorp, a north Georgia-based company with $1.9 billion in assets.
 -0- 6/7/93
 /CONTACT: Analysts: Peter D. Miller, president and CFO of First National Bancorp, 404-503-2101, or, Media: Ronda Rich, communications officer of First National Bancorp, 404-503-2306/
 (FBAC)


CO: First National Bancorp; Villa Rica Bancorp, Inc. ST: Georgia IN: FIN SU: TNM

RA-BR -- AT014 -- 6212 06/07/93 16:41 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:239
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