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SECURITY FINANCIAL HOLDING COMPANY ANNOUNCES INCREASE IN DIVIDEND

 SECURITY FINANCIAL HOLDING COMPANY ANNOUNCES INCREASE IN DIVIDEND
 DURHAM, N.C., April 16 /PRNewswire/ -- Security Financial Holding Company (NASDAQ: SECF), the parent of Security Federal Savings Bank, Durham, North Carolina, announced today that its Board of Directors has increased its quarterly cash dividend to $.105 per share. The dividend, which is payable May 7, 1992 to shareholders of record as of April 27, 1992, represents the sixth consecutive quarterly increase since the original level established in the fourth quarter of 1990.
 Larry D. Brock, President and Chief Executive Officer of the Company, stated, "The consistency and growth in our quarterly cash dividends reflects the Bank's stability and strength in earnings. Additionally, it reflects our commitment to maximize shareholder value."
 Security Federal Savings Bank, the wholly-owned subsidiary of Security Financial Holding Company, is the largest savings bank in Durham, North Carolina. With $340 million in assets, it provides a full-range of financial services through nine locations in the Durham, Butner/Creedmoor and Chapel Hill areas.
 -0- 4/16/92
 /CONTACT: Larry D. Brock, President and Chief Executive Officer or Robert F. Stockwell, Chief Financial Officer, Security Financial Holding Company, 919-687-7200/
 (SECF) CO: Security Financial Holding Company ST: North Carolina IN: FIN SU: DIV


JZ -- CH006 -- 9328 04/16/92 13:10 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:211
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