SOUTHEAST BANKING <STB> FILES FOR NOTE OFFERING
Southeast Banking Corp said it filed
with the Securities and Exchange Commission a registration
statement covering a 50 mln dlr issue of convertible
subordinated capital notes due 1999.
    The notes are designed to qualify as primary capital for
Federal Reserve Board regulatory purposes, the bank said.  It
will apply to list the notes on the New York Stock Exchange.
    The company named Lazard Freres and Co as lead manager of
the deal.
 Reuter
