South Street Financial Corp., the parent holding company of Home Savings Bank of Albemarle Inc., declared a cash dividend of 8 cents per share for its first quarter of fiscal 1997, ended Dec. 31, 1996.

The dividend will be payable on Feb. 7 to stockholders of record at the close of business on Jan. 24.

South Street Financial Corp. began trading on Nasdaq Oct. 3 under the symbol SSFC.

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