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ASSOCIATION OF BANK HOLDING COMPANIES APPROVES MERGER WITH RESERVE CITY BANKERS

 WASHINGTON, May 28 /PRNewswire/ -- The Association of Bank Holding Companies, at its 35th annual meeting in Indianapolis today, formally approved a merger with the Association of Reserve City Bankers effective June 30.
 "This merger enables the banking industry to speak with a clear, united voice on the major issues of the day," said Samuel A. McCullough, chairman of the Association of Bank Holding Companies. "We've combined the best of both organizations to produce a stronger regulatory and legislative strike force for the industry," McCullough said.
 "With one voice, we marshal new force in representing industry interests," said Anthony T. Cluff, who will serve as president of the combined association. Cluff has been executive director of the Reserve City Bankers since 1980.
 The Association of Bank Holding Companies, composed of 85 top regional bank holding companies, was founded in 1958 to formulate legislative and regulatory policy positions and act as advocate in support of progressive banking on behalf of members. The Association of Reserve City Bankers was founded in 1912 and is comprised of the highest ranking executives of major banking institutions in the United States.
 Robert M. Freeman, chairman and CEO of Signet Banking Corporation, was elected to serve as chairman of the ABHC until June 30. Other interim officers include:
 -- As chairman-elect, Roger L. Fitzsimonds, Firstar Corporation;
 -- As vice chairman, Frank V. Cahouet, Mellon Bank Corporation;
 -- As treasurer, William P. Boardman, Banc One Corporation;
 -- As president, John S. Rippey, ABHC;
 -- As secretary, Richard M. Whiting, ABHC.
 -0- 5/28/93
 /CONTACT: John S. Rippey of the Association of Bank Holding Companies, 202-393-1158/


CO: Association of Bank Holding Companies; Association of Reserve
 City Bankers ST: District of Columbia IN: FIN SU: TNM


MH-TW -- DC011 -- 3311 05/28/93 10:02 EDT
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Date:May 28, 1993
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