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MELLON BANK (MD) COMPLETES STANDARD FEDERAL BRANCH PURCHASE

 ROCKVILLE, Md., Dec. 18 /PRNewswire/ -- Mellon Bank (MD) doubled its deposits and the size of its branch network today by completing the previously announced purchase of approximately $235 million in deposits and eight branch offices of Standard Federal Savings Bank from the Resolution Trust Corporation (RTC).
 As a result of the purchase, Mellon Bank (MD) will increase to 16 locations its branch office network in the Washington, D.C., suburbs and will boost core deposits to approximately $450 million.
 The eight Standard Federal offices purchased by Mellon will close Friday at 4 p.m. and reopen Monday morning under Mellon ownership. Customers of the eight Standard Federal offices will continue to use their regular branches and when their accounts are integrated onto Mellon's computer system in mid-March, will also have access to Mellon Bank's existing branch offices. Beginning Monday, Dec. 21, Mellon will operate a mini-Mellon branch within the former Standard Federal offices to serve Mellon Bank (MD) customers.
 "This purchase strengthens our core branch office network in Montgomery and Prince George's counties," said Kenneth R. Dubuque, chairman of Mellon Bank (MD). "These exceptional locations provide a sizable addition to our customer base and increased visibility for Mellon."
 As previously announced, Mellon paid a 4 percent deposit premium to acquire from the RTC the eight branches and their related deposits. Six of the branches are located in Montgomery County; two are located in Prince George's County.
 Mellon Bank (MD) serves the Maryland suburbs of Washington, D.C., with 16 offices in Montgomery, Prince George's and Howard counties. Mellon Bank (MD) is a subsidiary of Mellon Bank Corporation (NYSE: MEL), a major superregional bank holding company based in Pittsburgh, with assets of approximately $30 billion.
 /delval/
 -0- 12/18/92
 /EDITORS: Following is a list of the new and existing Mellon Bank (MD) branches.
 Mellon Bank (MD) has acquired the following branch offices of Standard Federal Savings Bank:
 Bethesda Rockville
 10329 Old Georgetown Road 1647 Rockville Pike
 Bethesda, MD 20814 Rockville, MD 20852
 5110 Ridgefield Road Silver Spring
 Bethesda, MD 20816 1330 East-West Highway
 Silver Spring, MD 20910
 Greenbelt
 7515 Greenbelt Road 11140 New Hampshire Avenue
 Greenbelt, MD 20770 Silver Spring, MD 20904
 Langley Park Wheaton
 7911 New Hampshire Avenue 13621 Georgia Avenue
 Langley Park, MD 20783 Wheaton, MD 20906
 Mellon Bank (MD) currently operates these branches:
 Bethesda Greenbelt
 7475 Wisconsin Avenue 113 Centerway Road
 Bethesda, MD 20814 Greenbelt, MD 20770
 Bowie Rockville
 3218-A Superior Lane 1903 Research Blvd.
 Bowie, MD 20715 Rockville, MD 20850
 Columbia Wheaton
 5865 Robert Oliver Place 2335 Glenallan Avenue
 Columbia, MD 21045 Wheaton, MD 20906
 Gaithersburg
 15906 Shady Grove Lane
 Gaithersburg, MD 20877
 19114 Montgomery Village Avenue
 Gaithersburg, MD 20879
 /CONTACT: Thomas W. Butch of Mellon Bank Corporation in Pittsburgh, 412-234-6436, or Margaret Cromelin of Mellon Bank (MD), 301-217-0607/
 (MEL)


CO: Mellon Bank (MD); Resolution Trust Corporation; Mellon Bank
 Corporation ST: Pennsylvania, Maryland IN: FIN SU: TNM


DM -- PG003 -- 8361 12/18/92 16:04 EST
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Publication:PR Newswire
Date:Dec 18, 1992
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