Pricing Supplement dated: May 21, 1998
(To Prospectus dated May 13, 1997 and Rule 424(b)(3)
Prospectus Supplement dated May 14, 1997 File No. 333-25393
KEYSTONE FINANCIAL MID-ATLANTIC FUNDING CORP.
[Senior] {Subordinated} Medium-Term Notes
Unconditionally Guaranteed as to Payment of Principal, Premium, if
any, and Interest, if any by
KEYSTONE FINANCIAL, INC.
Fixed Rate
CUSIP # 49348EAG2
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Principal Amount $30,000,000 Interest Rate: 6.50%
Agent's Discount or Commission: 0.625% Stated Maturity Date: May 31, 2008
Net Proceeds to Issuer: $29,681,400 Original Issue Date: May 21, 1998
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Interest Payment Dates:
[ ] January 15 and July 15
[x] Other: Nov. 30 and May 31
Redemption:
[x] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes can be redeemed prior to the Stated Maturity Date.
Initial redemption date:
Initial Redemption percentage:
Annual Redemption Percentage Reduction: % until Redemption Percentage
is 100% of the Principal Amount.
Optional Repayment:
[x] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The notes can be repaid prior to the Stated Maturity Date at the option
of the holder of the Notes.
Option Repayment Dates:
Currency:
Specified Currency: U.S. Dollar
(if other than U.S. Dollars, see attached)
Minimum Denotations:
(applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount: [x] Yes [ ] No
Discount of 0.437% of par or $131,100 aggregate, in order to achieve rounded
coupon.
Total Amount of OID: $131,100
Yield to Maturity: 6.56%
Initial Period: 5/27/1998-11/30/1998
Agent: [ ] Goldman Sachs & Co.
[ ] Bear, Stearns & Co., Inc.
[x] Keefe, Bruyette & Woods, Inc.
[ ] Other:
If as Principal:
[ ] The Notes are being offered at varying related to prevailing market
prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering of
% of Principal Amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
99.563% of Principal Amount.
Other Provisions:
First Coupon payment is November 30, 1998
Terms are not completed for certain items above because such items are not
applicable.
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