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PRIME BANCSHARES REPORTS EXPIRATION OF MERGER AGREEMENT WITH FIRST COLONY BANCSHARES

 PRIME BANCSHARES REPORTS EXPIRATION OF MERGER AGREEMENT
 WITH FIRST COLONY BANCSHARES
 DECATUR, Ga., April 1 /PRNewswire/ -- Prime Bancshares, Inc. (NASDAQ: PMBS), the parent holding company of Prime Bank, FSB, announced today that its agreement with First Colony Bancshares, Inc. has expired.
 Darrell D. Pittard, president and chief executive officer of Prime Bancshares, reported that Prime still has an interest in expanding its banking operations into north Fulton County at the opportune time.
 Prime Bancshares had consolidated total assets at Dec. 31, 1991, of $665 million, deposits of $512 million, and stockholders' equity of $37.9 million. Its subsidiary offers checking and savings products and a wide range of lending products to consumers and businesses through 14 full-service offices and 11 loan origination offices in metropolitan Atlanta.
 The common stock of Prime Bancshares is traded over-the-counter and quoted on the National Association of Securities Dealers Automated Quotation (NASDAQ) System under the symbol "PMBS."
 -0- 4/1/92
 /CONTACT: Dale E. Johnson, chief financial officer of Prime Bancshares, 404-377-0211/
 (PMBS) CO: Prime Bancshares ST: Georgia IN: FIN SU: TNM


EA-BR -- AT005 -- 3840 04/01/92 10:51 EST
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Publication:PR Newswire
Date:Apr 1, 1992
Words:186
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