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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (23139)	1/17/1999 1:46:00 PM
From: jdcpa	Read Replies (1) \| Respond to of 43774

NEW YORK--(BUSINESS WIRE)--July 28, 1998--PanAmerican BanCorp/Purewater (PRWT - NASDAQ) has acquired 100% of Realty Money Center for stock and other considerations. Realty Money Center, founded in 1988, is one of the leading mortgage companies in Nevada and is licensed in over ten states including California, New York, Florida and Arizona. Five branches are in Nevada. Realty Money Center is a profitable, full service mortgage banking organization specializing in single family mortgage originations. For 1997, Realty's closings were in excess of 500 Million Dollars. All earnings for 1998 will be accreted to PanAmerican BanCorp's consolidated statement.