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PRESIDENT OF LIBERTY MORTGAGE CORPORATION RESIGNS

 MACON, Ga., Dec. 29 /PRNewswire/ -- First Liberty Financial Corp. (NASDAQ-NMS: FLFC) announced the resignation of Robert C. KenKnight, the president of its Atlanta-based mortgage banking subsidiary, Liberty Mortgage Corporation.
 The resignation will take effect in late January and a successor is expected to be named at that time. KenKnight plans to establish and operate a mortgage banking division of Crescent Bank & Trust Company in Jasper, Ga.
 Robert F. Hatcher, First Liberty's president and chief executive officer, said: "Bob KenKnight did a great job for our company and we will miss him. We wish him the best of luck in his new enterprise and look forward to a continuing business relationship with him."
 First Liberty also owns Liberty Savings Bank, F.S.B., which operates 20 banking offices in middle, coastal and south Georgia, and a loan production office in Atlanta. Liberty Mortgage Corporation operates throughout Georgia and through correspondent relationships in several other southeastern states. First Liberty common stock is quoted through the National Market System of the National Association of Securities Dealers (NASDAQ) under the symbol FLFC.
 -0- 12/29/92
 /CONTACT: Richard A. Hills Jr. of First Liberty Financial, 404-936-3252/
 (FLFC)


CO: First Liberty Financial Corp.; Liberty Mortgage Corporation ST: Georgia IN: FIN SU: PER

BN-RA -- AT002 -- 0269 12/29/92 09:37 EST
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Publication:PR Newswire
Date:Dec 29, 1992
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