ATLANTA, April 24 /PRNewswire/ -- Premier Bancshares, Inc. (AMEX: PMB) has
declared its' first regular quarterly cash dividend of $.08 per share. This
dividend is payable May 22, 1997, to stockholders of record on May 8, 1997.
Darrell D. Pittard, chief executive officer, said, "We had previously paid
annual dividends rather than regular quarterly dividends. On an annualized
basis, this dividend represents a seven percent increase over the dividend
paid for the previous year. Our decision to initiate payment of quarterly
dividends was based on the company's dramatic growth and positive earnings
trend."
Premier Bancshares, Inc. is a bank and thrift holding company with four
subsidiaries: First Alliance Bank with five offices in Cobb County; Premier
Bank with three offices in Cobb, DeKalb, and Gwinnett Counties; Premier
Lending, a mortgage and commercial lending subsidiary with seven offices in
Cobb, DeKalb, Fulton, Gwinnett and Henry Counties; And Alliance Finance, a
consumer finance company with two offices in Cobb and Paulding Counties.
Premier Bancshares is listed on the American Stock Exchange under the
trading symbol PMB. For copies of recent press releases and financial
reports, contact Frank Roach, Chief Financial Officer, at 404-814-3090 or
access the Premier Bancshares Company News On Call Service at
http://www.prnewswire.com.
SOURCE Premier Bancshares, Inc.
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CONTACT:
Frank H. Roach, Chief Financial Officer,
Premier Bancshares, Inc., 404-814-3090
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