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NATIONSBANK MAKES $82.2 MILLION IN COMMUNITY INVESTMENT LOANS

 ATLANTA, April 30 /PRNewswire/ -- NationsBank (NYSE: NB) reported today that it made $82.2 million in community investment loans in the city of Atlanta during 1992.
 These loans are part of the bank's efforts to meet the needs of economically underserved areas in the cities it serves.
 As part of the bank's program called "Report to Communities," NationsBank reported loans made last year to individuals, including home mortgage and home improvement loans, as well as small business loans and commercial real estate loans for development in low- to moderate-income areas. NationsBank executives in 29 of the bank's larger markets are delivering reports detailing the bank's community investment lending at state and local levels during 1992.
 "NationsBank is making credit available to all segments of the communities it serves, and this 'Report to Communities' is how we can demonstrate our commitment to community development in Atlanta and throughout Georgia," said Jim Lientz, president of NationsBank of Georgia.
 When NationsBank was formed on Jan. 1, 1992, it put into effect a 10-year, $10 billion commitment to community development lending. The company announced on March 29 that it made $2.2 billion in community development loans in 1992 throughout the nine states and the District of Columbia where it has banking centers.
 Of the $82.2 million in loans NationsBank made in Atlanta last year, 19 percent were made to consumers. Consumer loans included:
 -- 185 home mortgage and home improvement loans totaling $9,668,000 in low- to moderate-income census tracts. This is up from 88 loans valued at $1.2 million in 1990, a 713 percent increase in the amount of money loaned.
 -- 174 home mortgage and home improvement loans totaling $7,508,000 to minority applicants, up from 82 loans and $1.65 million in 1990.
 -- 109 student loans worth $353,000 to assist Atlanta students in underserved areas further their education.
 -- 681 additional consumer loans totaling $5,322,000 to assist consumers in underserved areas to finance car loans, consolidate debts and other miscellaneous financial needs.
 The remaining 81 percent of loans made in the city of Atlanta were made to businesses. Business loans included:
 -- 203 loans totaling $62 million to businesses in low- to moderate- income areas.
 -- 18 commercial loans totaling approximately $4.6 million for programs in low- to moderate-income areas including single- and multi- family housing, and renovations for community and retail centers.
 NationsBank has numerous initiatives under way in Atlanta to make certain the bank's momentum in community investment lending continues.
 Among these initiatives are a partnership with the NAACP to provide education and counseling to consumers, enabling them to receive home mortgage and small business loans, and a $500,000 contribution to The Atlanta Project and its partnership with the Southside cluster. NationsBank also announced on March 31 that it will spend approximately $34 million to purchase and rehabilitate 11 apartment complexes in metro Atlanta.
 NationsBank is the fifth-largest banking company in the United States with more than $121 billion in assets and full-service banks in nine states and the District of Columbia.
 -0- 4/30/93
 /CONTACT: Scott Scredon of NationsBank, 404-607-5225/
 (NB)


CO: NationsBank Corporation ST: Georgia IN: FIN SU:

RA-BR -- AT005 -- 3117 04/30/93 10:26 EDT
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Date:Apr 30, 1993
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