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SUBURBAN BANCORP ACQUIRES HUNTLEY BANCSHARES

 PALATINE, Ill., July 22 /PRNewswire/ -- Suburban Bancorp (SUBBA) (NASDAQ-NMS: SUBBA) today announced completion of its acquisition by merger of Huntley Bancshares, owner of the State Bank of Huntley.
 Ninety-eight percent of the $6.41 million purchase price was paid through issuance of 154,206 shares of Suburban's Class A stock.
 The State Bank of Huntley has become Suburban's thirteenth community bank and thirtieth office. According to Suburban President Gerald F. Fitzgerald Jr. and Huntley President John Frieburg III, affiliated banking giving Huntley customers access to other Suburban Banks and other Suburban Bank customers access to Huntley will be in place mid- August.
 The bank will continue to operate as The State Bank of Huntley.
 -0- 7/22/93
 /CONTACT: Gerald Fitzgerald Jr. of Suburban Bancorp, 708-359-1077/
 (SUBBA)


CO: Suburban Bancorp; Huntley Bancshares ST: Illinois IN: FIN SU: TNM

WB -- NY089 -- 4757 07/22/93 16:32 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:147
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