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SECURITY CAPITAL BANCORP ANNOUNCES CASH DIVIDEND

 SECURITY CAPITAL BANCORP ANNOUNCES CASH DIVIDEND
 SALISBURY, N.C., July 1 /PRNewswire/ -- Security Capital Bancorp


(NASDAQ-NMS: SCBC) today announced a cash dividend to be payable on Aug. 17, 1992.
 David B. Jordan, Vice-Chairman and Chief Executive Officer, announced that on June 30, 1992 the Board of Directors of Security Capital declared a quarterly cash dividend of $.08 (eight cents) payable on Aug. 17, 1992 to shareholders of record on the close of business on July 15, 1992.
 Security Capital Bancorp was formed on June 30, 1992 through the combination of First Security Financial Corporation and Omni Capital Group, Inc. Security Capital which is headquarted in Salisbury, N.C., operates 47 offices in 28 communities located in eleven counties in the south central and western piedmont regions of North Carolina.
 As of June 30, 1992, Security Capital had total assets of approximately $915 million and total shareholders' equity of approximately $114 million. Its financial institution subsidiaries are Security Bank and Trust Company and OMNIBANK, FSB of Salisbury, N.C., Citizens Savings, FSB, Concord, N.C. and Home Federal Savings Bank, Kings Mountain, N.C. Security Capital's principal executive offices are located at 507 West Innes Street, Salisbury, North Carolina 28144; telephone number, 704-636-3775.
 Market prices for Security Capital's outstanding shares are quoted on the NASDAQ Market System under the symbol "SCBC."
 -0- 7/1/92
 /CONTACT: David B. Jordan, Vice-Chairman, CEO, Security Capital Bancorp, 704-637-6180/
 (SCBC) CO: Security Capital Bancorp ST: North Carolina IN: FIN SU: DIV


CM -- CH008 -- 5890 07/01/92 16:36 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
Words:255
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