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SOUTHTRUST ISSUES STATEMENT REGARDING PENDING ACQUISITION

 SOUTHTRUST ISSUES STATEMENT REGARDING PENDING ACQUISITION
 BIRMINGHAM, Ala., July 31 /PRNewswire/ -- SouthTrust Corporation (NASDAQ: SOTR) stated today that its pending acquisitions, including Prime Bancshares, Inc. (AMEX: PMB), Atlanta, would in its opinion, permit SouthTrust to effect substantial savings in the operations of the combined institutions.
 SouthTrust said that the acquisition of Prime, which will result in SouthTrust having approximately $2.5 billion of assets in the Atlanta area, will substantially enhance SouthTrust's presence in the Atlanta market.
 SouthTrust Corporation, with headquarters in Birmingham, Ala., reported assets of $11.3 billion on June 30. SouthTrust operates 40 banks with more than 340 offices in the six state area including Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. SouthTrust Common Stock is traded on the national Over-the-Counter market under the NASDAQ symbol SOTR.
 -0- 7/31/92
 /CONTACT: Jeannie Colquett of SouthTrust, 205-254-5523/
 (SOTR PMBS) CO: SouthTrust Corporation; Prime Banchshares, Inc. ST: Alabama, Georgia IN: FIN SU: TNM


BR-EA -- AT002 -- 5460 07/31/92 09:26 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
Words:166
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