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NBSC CORPORATION DECLARES INCREASED DIVIDEND

 COLUMBIA, S.C., Feb. 24 /PRNewswire/ -- The board of directors of NBSC Corporation (NASDAQ-NMS: NSCB), at its February 22nd meeting, declared an increase of 18.2 percent in the regular quarterly cash dividend, from 11 cents per share to 13 cents per share, payable April 1, 1993 to shareholders of record March 17, 1993. With 3,882,814 shares outstanding, the dividend will amount to $504,766.
 Robert V. Royall, Jr., chairman and chief executive officer of NBSC Corporation, stated, "The solid financial results of the Corporation last year and the anticipated profitability of the Company during 1993 are responsible for the significant increase in the quarterly cash dividend."
 "This is the first increase in the quarterly dividend since 1988," Royall said. "We are very confident of NBSC's future and felt this was the appropriate time to benefit our shareholders with an increase in their investment return."
 NBSC Corporation reported total assets of $722 million on December 31, 1992. The Company's common stock is traded over-the-counter and is quoted under the symbol NSCB on the NASDAQ National Market System.
 The National Bank of South Carolina, the Corporation's primary subsidiary, serves 20 South Carolina communities with 33 banking offices.
 -0- 2/24/93
 /CONTACT: Charl L. Butler, Chief Financial Officer, NBSC Corporation, 803-929-2062/
 (NSCB)


CO: NBSC Corporation ST: South Carolina IN: FIN SU: DIV

JM -- CH003 -- 9788 02/24/93 09:49 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:232
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