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ALBERT BOSCOV RECEIVES THUN AWARD FOR CIVIC, COMMUNITY SERVICE: SIXTH ANNUAL AWARD IS PRESENTED BY MERIDIAN BANCORP, INC.

 READING, Pa., Nov. 19 /PRNewswire/ -- Meridian Bancorp, Inc. (NASDAQ-NMS: MRDN) will honor Albert R. Boscov, chairman of the board of Boscov's Department Stores, with the annual Thun Award for his many community and civic contributions. The award will be presented tonight at 9 p.m. at a private dinner.
 The Thun Award was established in 1988 by Meridian to honor Louis R. and Ferdinand K. Thun, local industrialists and philanthropists, and the first recipients of the award. The intent of the award is to recognize the spirit of commitment to the community in a Berks County resident who has made generous contributions of civic and community service reflecting the ideals of the Thun family. Past recipients include:
 -- 1988 Ferdinand K. and Louis R. Thun
 -- 1989 Gertrude Sternbergh
 -- 1990 Howard O. Beaver
 -- 1991 Eugene L. Shirk
 -- 1992 Severin Fayerman
 Boscov is a unique blend of successful merchant, razzle dazzle showman, benefactor of dozens of community organizations and friend of both youth and senior citizens.
 He served in the U.S. Navy during the Korean War. Following his discharge, he joined his father, the late Solomon Boscov, in the operation of their small neighborhood department store at Ninth and Pike Streets in Reading.
 He soon demonstrated his flair for merchandising by adding a second store in suburban Reading, Boscov's West, in 1962. Since then, Boscov's North, East, Lebanon, Pottsville, Sunbury, Hazleton, Wilkes-Barre, Camp Hill, Colonial Park, Lancaster, York, Johnstown, Levittown and Scranton, Pa; Dover and Wilmington, Del.; Binghamton, N.Y.; Voorhees, Willingboro, Moorestown and Pleasantville, N.J.; and Salisbury, Md., have been added to the rapidly growing chain. Twenty of these are anchor stores for shopping malls. Wilkes-Barre and Binghamton are multi-level stores in downtown locations.
 In addition to featuring aggressive merchandising programs, the stores also provide showcases for promoting Mr. Boscov's many civic interests, sponsoring programs and exhibits ranging from Boy Scout, 4-H and Camp Fire Days to Black and Puerto Rican Heritage Festivals.
 He has been presented with numerous awards, including the Outstanding Citizenship Award from the Reading-Berks Chamber of Commerce, B'nai Brith's Americanism Award, Sertoma's Service to Mankind Award, Esquire Magazine's Business in Arts Award, the Citizen of the Year Award from the Sales and Marketing Executive Club and the Outstanding Community Concern Award from the Pennsylvania Association for Retarded Citizens.
 "Retailing should be fun," said Boscov, "and today shopping is most people's favorite form of recreation. Nobody buys something only because they need it. They enjoy the fun of shopping, of finding out what's new. It's a national pastime, so we try to make our stores lively, happy places to be. We do silly promotions, just for the fun of it, and we try never to take ourselves too seriously. We'll often run ads that poke fun at ourselves, and we try to have something different happening all the time in our stores. We like to give people a reason for coming to Boscov's even when they don't want to buy anything. They enjoy themselves, and hopefully we make a friend."
 He is a former member of the board of directors of the former American Bancorp, a Meridian predecessor, and of the Hawk Mountain Council of Boy Scouts of America, past president of the Police Athletic League of Greater Reading and past president of the F.M. Kirby Center for the Performing Arts. He is a member of the board of directors of the Foundation for the Reading Public Museum and Art Gallery.
 "By giving so generously of his time, talent and resources, Al Boscov has had a great impact on the lives of countless families, workers and consumers in Berks County; so, it seems most fitting that Meridian name him as the recipient of the 1993 Thun Award," said Samuel A. McCullough, chairman and chief executive officer of Meridian Bancorp.
 /delval/
 -0- 11/19/93
 /CONTACT: George Biechler of Meridian Bancorp, 215-655-2470/


CO: Meridian Bancorp, Inc. ST: Pennsylvania IN: FIN REA SU:

LJ-JO -- PH007 -- 6456 11/19/93 10:44 EST
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Date:Nov 19, 1993
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