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PRIME BANCSHARES MAKES THE SWITCH FROM NASDAQ TO THE AMERICAN STOCK EXCHANGE

 PRIME BANCSHARES MAKES THE SWITCH FROM
 NASDAQ TO THE AMERICAN STOCK EXCHANGE
 NEW YORK, April 15 /PRNewswire/ -- The American Stock Exchange today announced that Prime Bancshares, Inc. of Decatur, Ga., began trading its shares of common stock. Trading under ticker symbol PMB, the stock opened on 1,300 shares at 11-1/2.
 The company's common stock previously traded on NASDAQ under ticker symbol PMBS.
 Prime Bancshares was formed in 1989 as a bank holding company. Through its sole subsidiary, Prime Bank, the company provides a wide range of consumer, commercial and real estate banking services in the Atlanta metropolitan area.
 For the year ended Dec. 31, 1991, the company reported net income of $3.2 million, or $1.96 per share, compared with net income of $2.2 million, or $1.29 per share for the same period ended Dec. 31, 1990. Net interest income for this period was $12.28 million vs. $11.47 million.
 The American Stock Exchange is the second largest securities exchange in the United States and the largest American exchange with significant markets in both equities and derivative products. Today, it is an international institution on the cutting edge of trading floor technology, new product development and expansion into world markets through system linkages and globally-traded products.
 -0- 4/15/92
 /CONTACT: Lisa Neuner of American Stock Exchange, 212-306-2028/
 (PMB) CO: Prime Bancshares Inc. ST: Georgia IN: FIN SU:


CK -- NY079 -- 8721 04/15/92 12:53 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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