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SOCIETY CORPORATION COMPLETES MERGER OF OHIO AFFILIATES

 CLEVELAND, Aug. 23 /PRNewswire/ -- Society Corporation (NYSE: SCY) today announced the completion of the merger of its two banking affiliates in Ohio: Society National Bank, headquartered in Cleveland, and Society Bank & Trust, headquartered in Toledo. The resulting entity, Society National Bank, is a $21 billion banking company with 300 offices throughout Ohio.
 Henry L. Meyer III, president and chief executive officer, Society National Bank, said the combination is the final step in creating a statewide bank that will provide Society customers with even greater convenience. "Through this merger, Society is offering its customers increased access to the entire statewide network of 300 offices and continuing our commitment to strong management at the local level," Meyer said.
 Society's districts have their own local management and district boards of local business and community leaders. James A. Hoffman will continue as president for Society National Bank's Northwest Ohio Region.
 The merger also marks the conversion of the banks to a single operating system. As a result, customers throughout Ohio can now conduct banking transactions at any Society National Bank office.
 Society National Bank is an affiliate of Society Corporation, one of the largest bank holding companies in the Midwest. As of June 30, 1993, Society Corporation has $26 billion in assets, $1.9 billion in equity capital, more than $4.1 billion of market capitalization and more than 440 banking offices in Ohio, Michigan, Indiana and Florida. The trust business of Society ranks in the top 15 nationally in terms of revenues and has offices in Ohio, Michigan, Indiana, Florida, New York, Colorado, Missouri and Texas. Through its affiliates, Society engages in commercial banking, consumer banking, mortgage banking and leasing, and investment management and trust services.
 -0- 8/23/93
 /CONTACT: Mindy Samay, media, 216-689-7195; or Jay Gould, analysts, 216-689-4721; both of Society Corporation/
 (SCY)


CO: Society Corporation ST: Ohio IN: FIN SU: TNM

BM -- CL005 -- 4942 08/23/93 09:22 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
Words:320
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