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PALFED, INC. ANNOUNCES RECORD DATE FOR RIGHTS OFFERING

 AIKEN, S.C., Aug. 24 /PRNewswire/ -- PALFED, Inc. (NASDAQ-NMS: PALM) announced that the board of directors, at its regularly scheduled board meeting held this date, set the record date for its proposed rights offering at the close of business Aug. 27, 1993.
 PALFED, Inc. is a South Carolina corporation whose principal subsidiary, Palmetto Federal Savings Bank of South Carolina, is a federally chartered stock savings bank. Palmetto Federal operates 14 full-service banking offices in western and southern South Carolina. The bank also operates two limited service retail branches and four mortgage lending offices. At June 30, 1993, PALFED, Inc. had consolidated assets of $676.2 million and deposits of $486.0 million.
 -0- 8/24/93
 /CONTACT: Howard M. Hickey Jr., Executive Vice President and General Counsel of PALFED, 803-642-1328/
 (PALM)


CO: PALFED, Inc. ST: South Carolina IN: FIN SU: OFR

SB -- CH007 -- 5571 08/24/93 16:19 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:150
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