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PRIME BANCSHARES REPORTS FEDERAL RESERVE BOARD APPROVAL

 DECATUR, Ga., Dec. 31 /PRNewswire/ -- The Federal Reserve Board has approved the application of SouthTrust Corp. (NASDAQ-NMS: SOTR) to acquire Prime Bancshares, Inc. (AMEX: PMB), announced Darrell Pittard, president and chief executive officer of Prime Bancshares.
 The acquisition remains subject to other regulatory and shareholder approvals and other agreement conditions, including satisfactory due diligence.
 -0- 12/31/92
 /CONTACT: Darrell D. Pittard, president and chief executive officer, 404-370-8500, or Lynne Pressley, vice president, 404-370-8558, both of Prime Bancshares/
 (SOTR PMB)


CO: Prime Bancshares, Inc.; SouthTrust Corporation ST: Georgia IN: FIN SU: TNM

RA-BN -- AT003 -- 0846 12/31/92 09:50 EST
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Publication:PR Newswire
Date:Dec 31, 1992
Words:101
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