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NEW ISSUE July 14,1981 First Federal Savings and Loan Association of Front Royal 90,318 SHARES
COMMON STOCK $5.50 per share Copies of the Preliminary Offering Circular may be obtained by contacting First Federal Savings and Loan Association Contact: David B. Boyles, Jr. First Federal Savings and Loan Association of Front Royal P.O. Box 1400 Front Royal, Virginia 22630 (703) 635-4112 or (703) 662-1845
92.8%