ATLANTA, Jan. 8 /PRNewswire/ -- Premier Bancshares (Amex: PMB) of Atlanta,
Georgia -- The Board of Directors of Premier Bancshares declared a 3-for-2
stock split at a special meeting of the Board of Directors on January 7, 1998.
    Shareholders of record on January 23, 1998, will be entitled to the
3-for-2 stock split.  Fractional shares will not be issued and cash will be
paid for fractional shares.  Shareholders should receive the shares on
February 13, 1998.
    The decision to declare the 3-for-2 stock split reflects the continued
growth and strong financial performance of Premier Bancshares.  It also
demonstrates the confidence of the Board in the future prospects of the
company.
    Premier Bancshares has previously reported record net earnings of
$2,571,000, or $.32 per share for the third quarter ended September 30, 1997.
This represented an increase of $1,706,000, or 197% over the $865,000, or
$.11 per share for the same period in 1996.  The Company has previously
reported record earnings of $6,659,000, or $.82 per share for the nine months
ended September 30, 1997, compared to $3,824,000, or $.48 per share for the
same period ended September 30, 1996, an increase of 74% over the comparable
period.
    Premier is a multi-bank holding company with assets of approximately
$800,000,000 and has 33 offices located throughout the Southeast.

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