ATLANTA, July 26 /PRNewswire/ -- On July 22, 1999, Premier Bancshares,
Inc. (NYSE: PMB) declared a regular quarterly cash dividend of $.09 per share.
The company declared the dividend payable to shareholders of record as of
August 5, 1999. The dividend is to be paid on August 19, 1999.
Premier Bancshares is a Georgia-based bank holding company with assets of
approximately $1.5 billion. After pending acquisitions, Premier Bancshares
and subsidiaries will have assets of approximately $1.9 billion and will be
operating in 40 offices. Today, Premier is the third largest Georgia-based,
independent banking franchise in the Atlanta and North Georgia markets, with
significant presence in such attractive markets as Cobb, Fulton, Gwinnett,
DeKalb, Forsyth, Henry, and Spalding counties. During the second quarter, the
company continued its aggressive acquisition strategy, announcing the
acquisition of three community banks with offices located in Atlanta, Roswell,
Decatur, and Summerville, Georgia.
The common stock of Premier Bancshares, Inc. and the preferred securities
of Premier Capital Trust I are traded on the New York 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.
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:
Darrell D. Pittard, Chairman and Chief
Executive Officer, or Michael E. Ricketson, Executive Vice
President and Chief Financial Officer, 404-814-3090, both of
Premier Bancshares, Inc.
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