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NATIONSBANK PRESENTS CHECK TO U.S. OLYMPIC COMMITTEE FOR SPONSORSHIP OF 1992 U.S. OLYMPIC TEAM

 NATIONSBANK PRESENTS CHECK TO U.S. OLYMPIC COMMITTEE
 FOR SPONSORSHIP OF 1992 U.S. OLYMPIC TEAM
 SAVANNAH, Ga., June 22 /PRNewswire/ -- NationsBank (NYSE: NB) today presented a check for $35,000 to the U.S. Olympic Committee (USOC) in Georgia as part of the company's sponsorship of the 1992 U.S. Olympic Team.
 The $35,000 is part of a financial commitment made by NationsBank to sponsor the 1992 U.S. Olympic Team in Barcelona. The NationsBank contribution today is the single largest amount given to the USOC in Georgia during the past four years.
 NationsBank will also contribute funds to USOC committees in the District of Columbia and several other states where it operates banks. These states are Florida, Maryland, North Carolina, South Carolina, Tennessee, Texas and Virginia.
 "As a first-time sponsor of the U.S. Olympic Team, NationsBank is extremely proud to be associated with the athletes on the team and the USOC," said Bill VanLandingham, president of NationsBank/Georgia. "There is no sporting event in the world that exemplifies excellence and hard work better than the Olympic Games, and those are the qualities associated with NationsBank. We hope our contribution will help the USOC continue to develop some of the finest athletes in the state and in the world."
 The USOC, which is the coordinating body for all Olympic activities in the United States, expressed its appreciation for the contribution. "Only a select group of companies in the U.S. have the honor to be associated with the U.S. Olympic Team, and NationsBank is one of those companies," said H.C. (Buddy) Henry, Georgia chairman for the USOC. "We are proud to have NationsBank play a major role in funding our training efforts."
 The money contributed by NationsBank will be used for a variety of purposes, including direct grants to athletes preparing to compete in the 1996 Summer Olympic Games to be held in Atlanta. The grants help pay for the athletes' living expenses during their training for the Olympic Games.
 In addition to its sponsorship of the 1992 U.S. Olympic Team, NationsBank has also announced that it will be an official sponsor of the 1994 Winter Games in Lillehammer, Norway, and a corporate sponsor of the 1996 Summer Olympic Games in Atlanta. The company has also extended a $300 million line of credit to the Atlanta Committee for the Olympic Games to finance the construction of facilities needed to hold the 1996 Olympic Games.
 NationsBank is the fourth-largest bank holding company in the U.S. with more than $113 billion in assets and banking offices in nine states and Washington, D.C.
 -0- 6/22/92
 /CONTACT: Scott Scredon of NationsBank, 404-607-5225/
 (NB) CO: NationsBank Corporation; U.S. Olympic Committee ST: Georgia IN: SU:


BR-BN -- AT002 -- 2271 06/22/92 09:59 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
Words:469
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