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SOCIETY CORPORATION COMPLETES SALE OF LOANS TO STAR BANK

 SOCIETY CORPORATION COMPLETES SALE OF LOANS TO STAR BANK
 CLEVELAND, June 29 /PRNewswire/ -- Society Corporation (NASDAQ: SOCI) announced that it has completed the sale of $260 million of loan participations to Star Bank, N.A. This sale will result in a pre-tax gain in excess of $5 million.
 As previously announced, this sale of loans remained under consideration following the sale of 28 branches, $1 billion of deposits, as well as $105 million of branch-related loans to Star Bank, N.A. on June 19, 1992.
 Both the June 19, 1992, transaction and this $260 million sale of loans were related to Society's acquisition of Ameritrust Corporation on March 16, 1992. This merger created a $25 billion superregional financial services company with major market presence in Ohio, Indiana and Michigan and investment, management and trust services operations in those states as well as Texas and Florida.
 -0- 6/29/92
 /CONTACT: John Fuller (media), 216-689-8140; or Jay S. Gould (analyst), 216-689-4721, both of Society Corporation/
 (SOCI STRZ) CO: Society Corporation ST: Ohio IN: FIN SU:


KK -- CL001 -- 4504 06/29/92 08:27 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
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