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SECURITY CAPITAL BANCORP ANNOUNCES CASH DIVIDEND

 SALISBURY, N.C., July 23 /PRNewswire/ -- Security Capital Bancorp (NASDAQ-NMS: SCBC) today announced a cash dividend.
 David B. Jordan, vice-chairman and chief executive officer, announced that on July 22, 1993, the Board of Directors of Security Capital declared a quarterly cash dividend of $.10 per share (a $.005 increase over the prior quarter's cash dividend) payable on Sept. 1, 1993, to shareholders of record at the close of business on Aug. 18, 1993.
 Security Capital, which is headquartered in Salisbury, N.C., operates 41 offices in 28 communities located in 11 counties in the south central and western Piedmont regions of North Carolina.
 As of June 30, 1993, Security Capital had total assets of approximately $915 million and total shareholders' equity of approximately $120 million. Its financial institution subsidiaries are Security Bank and Trust Company and OMNIBANK, SSB of Salisbury, N.C.; Citizens Savings, SSB, Concord, N.C., and Home Savings Bank, SSB, Kings Mountain, N.C. Security Capital's principal executive offices are located at 507 West Innes Street, Salisbury, N.C., 28144; telephone number (704)636-3775.
 Market prices for Security Capital's outstanding shares are quoted on the NASDAQ National Market System under the symbol "SCBC".
 -0- 7/23/93
 /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

SB -- CH004 -- 5101 07/23/93 11:29 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:231
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