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RALEIGH FEDERAL SAVINGS BANK ANNOUNCES NEW KEY MANAGERS

 RALEIGH FEDERAL SAVINGS BANK ANNOUNCES NEW KEY MANAGERS
 RALEIGH, N.C., Jan. 22 /PRNewswire/ -- Stanley Wright, President of


RS Financial Corp. (NASDAQ-NMS: RFBK) and Raleigh Federal Savings Bank, announced today that two key management positions at Raleigh Federal have been filled. George A. Snead has been employed as Chief Lending Officer and Rex D. Williams has been employed as Chief Financial Officer.
 George Snead has been employed by NationsBank, formerly NCNB, since 1976. For the past three years, he has served as Commercial Lending Manager for the Triangle Region.
 Rex Williams served as Chief Financial Officer for Home Savings and Loan Association in Durham from 1982 until 1991, when Home was acquired by BB&T. Since then, Williams has served as Acquisitions Coordinator with BB&T. Williams is a certified public accountant.
 Both individuals are expected to join the bank by the first of February. "We feel very fortunate to have been able to attract individuals with these credentials and experience," Wright said.
 Raleigh Federal Savings Bank is a wholly owned subsidiary of RS Financial Corp. Raleigh Federal currently has assets of $796 million and 34 offices in central and eastern North Carolina.
 RS Financial Corp.'s common stock is traded on the NASDAQ National Market System under the symbol RFBK.
 -0- 1/22/92
 /CONTACT: Stanley E. Wright, Chief Executive Officer, Raleigh Federal Savings Bank, 919-833-7511/
 (RFBK) CO: RS Financial Corp.; Raleigh Federal Savings Bank ST: North Carolina IN: FIN SU: PER


DF -- CH012 -- 2479 01/22/92 16:41 EST
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Publication:PR Newswire
Date:Jan 22, 1992
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