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REGENCY BANCSHARES INC. ANNOUNCES ANNUAL FINANCIAL RESULTS

 HICKORY, N.C., Aug. 20 /PRNewswire/ -- Regency Bancshares Inc. (NASDAQ: RBSI) today reported net earnings of $2,955,645 for the fiscal year ended June 30, 1993, representing primary earnings per share of $2.20 and fully diluted earnings per share of $2.18. This compares to net earnings of $1,922,270 for the fiscal year ended June 30, 1992, or primary earnings per share of $1.45 and fully diluted earnings per share of $1.44. Provisions for loan losses totaled $507,000 for fiscal year 1993, as compared to $416,000 for fiscal year 1992.
 Regency Bancshares Inc.'s assets as of June 30, 1993, were $277,302,140 compared to $274,290,346 at June 30, 1992. Stockholders' equity on June 30, 1993, was 9.12 percent of total assets.
 Regency Bancshares Inc. is a bank holding company headquartered in Hickory, N.C. with two wholly owned subsidiaries: First Savings Bank, SSB, located in Hickory, N.C. and Davidson Savings Bank, SSB, located in Lexington, N.C.
 -0- 8/20/93
 /CONTACT: H. Edward Scarboro, Senior Vice President and CFO, Regency Bancshares Inc., 704-243-2461, or (home) 919-476-7134/
 (RBSI)


CO: Regency Bancshares Inc. ST: North Carolina IN: FIN SU: ERN

SB -- CH002 -- 8753 08/20/93 17:24 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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