ATLANTA, April 16 /PRNewswire/ -- On April 13, 1999, Premier Bancshares,
Inc. (Amex: PMB) declared a quarterly cash dividend of $.09 per share. The
Company declared the dividend payable to shareholders of record as of April
27, 1999. The dividend is to be paid on May 10, 1999.
On April 6, 1999, Premier Bancshares executed a definitive agreement to
acquire North Fulton Bancshares, Inc. The agreement provides for the
acquisition by Premier Bancshares of all the outstanding shares of stock of
North Fulton Bancshares. North Fulton Bancshares is a holding company with
assets of approximately $191 million and owns Milton National Bank in Roswell,
Georgia, which also operates in Atlanta through its division, The Buckhead
Bank. The acquisition, which is subject to regulatory approval and the
approval of the shareholders of North Fulton Bancshares, is expected to close
in the third quarter of this year.
Premier Bancshares is a Georgia-based bank holding company with assets of
approximately $1.6 billion; and after pending consolidations, Premier
Bancshares will have the following subsidiaries operating in 40 offices:
Premier Bank in metro Atlanta, Milledgeville, and Greensboro, Georgia; and St.
Simons Island, Georgia through its Frederica division; Milton National Bank in
Roswell, Georgia, and Atlanta through its division, The Buckhead Bank; and
Premier Lending Corporation, a provider of residential mortgage loans and
asset-based commercial finance loans in metro Atlanta, Augusta, Warner Robins,
and St. Simons Island, Georgia; Mobile, Alabama; Jacksonville, Florida;
Chattanooga, Tennessee; Charleston, South Carolina; and Charlotte, North
Carolina.
Both the common stock of Premier Bancshares, Inc. and the preferred
securities of Premier Capital Trust I are traded on the American Stock
Exchange under the symbols PMB and PMB-PR, respectively. Additional financial
information regarding Premier Bancshares, Inc. is available from Michael E.
Ricketson, Executive Vice President and Chief Financial Officer of Premier
Bancshares, Inc., at 770-476-3209.
With the exception of historical information, the matters discussed in
this news release are forward-looking statements that involve risks and
uncertainties.
SOURCE Premier Bancshares, Inc.
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Related links:
http://www.premierbancshares.com
Company News On-Call:
http://www.prnewswire.com/comp/283325.html or fax,
800-758-5804, ext. 283325
CONTACT:
Michael E. Ricketson, Executive Vice
President and Chief Financial Officer of Premier Bancshares,
Inc., 404-814-3090
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