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HERITAGE FINANCIAL SERVICES COMPLETES ACQUISITIONS

 TINLEY PARK, Ill., Dec. 18 /PRNewswire/ -- Heritage Financial Services, Inc. (NASDAQ-NMS: HERS) said today it completed the acquisition of Alsip Bank and Trust, Alsip, Ill. At Nov. 30, 1992, Alsip Bank had assets of approximately $62 million.
 The company also announced late last week its Heritage Bank subsidiary acquired the banking facility and deposits of First Chicago Bank for Savings, F.S.B., located in Frankfort, Ill. The office is being operated as a branch of Heritage Bank.
 Richard T. Wojcik, chairman and chief executive officer, said the acquisitions of Alsip Bank and the Frankfort branch further strengthen and expand the presence of Heritage Bank in Chicago's southwest suburbs. "We now have the largest number of locations in that market," he noted.
 Heritage Financial Services, Inc. is a multibank holding company headquartered in Tinley Park. Including its recent acquisitions, the company's total assets are approximately $820 million. The company now operates 11 banking offices located in Alsip, Frankfort, Mokena, Tinley Park (2), Orland Park, Country Club Hills, Palos Heights, Blue Island, Crestwood and Oak Lawn.
 The company's shares are traded on the NASDAQ National Market System under the symbol HERS.
 -0- 12/18/92
 /CONTACT: Paul A. Eckroth, senior vice president and treasurer of Heritage Financial Services, Inc., 708-532-8008, ext. 2239/
 (HERS)


CO: Heritage Financial Services ST: Illinois IN: FIN SU: TNM

TM-WB -- NY089 -- 0028 12/18/92 14:51 PST
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Publication:PR Newswire
Date:Dec 18, 1992
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