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SECURITY CAPITAL BANCORP ANNOUNCES INCREASED CASH DIVIDEND

 SECURITY CAPITAL BANCORP ANNOUNCES INCREASED CASH DIVIDEND
 SALISBURY, N.C., Oct. 23 /PRNewswire/ -- Security Capital Bancorp (NASDAQ-NMS: SCBC) today announced a 19 percent increase in the cash dividend to be payable on Nov. 17, 1992.
 David B. Jordan, Vice-Chairman and Chief Executive Officer, announced that on Oct. 22, 1992 the Board of Directors of Security Capital declared a quarterly cash dividend of $.095 per share (a $.015) increase over the prior quarter's cash dividend of $.08 per share) payable on Nov. 17, 1992 to shareholders of record at the close of business on Nov. 3, 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 headquartered in Salisbury, N.C., operates 46 offices in 28 communities located in eleven counties in the south central and western piedmont regions of North Carolina.
 As of Sept. 30, 1992, Security Capital had total assets of approximately $916 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, N.C. 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- 10/23/92
 /CONTACT: David B. Jordan, Vice-Chairman and CEO, Security Capital Bancorp, 704-637-6180/
 (SCBC) CO: Security Capital Bancorp ST: North Carolina IN: FIN SU: DIV


11:20 -- CH005 -- 4123 10/23/92 11:37 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
Words:277
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