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SUBURBAN BANCORP AND HUNTLEY BANCSHARES SIGN LETTER OF INTENT

 PALATINE, Ill., Feb. 2 /PRNewswire/ -- Suburban Bancorp, Inc. (NASDAQ-NMS: SUBBA), and Huntley Bancshares, Inc., today announced they have signed a letter of intent to merge. The State Bank of Huntley is a wholly owned subsidiary of Huntley Bancshares, and the merger will make the State Bank a Suburban Bancorp member.
 The merger is subject to regulatory approval, among other conditions. Terms were not disclosed.
 Suburban posted record earnings of $3.67 per share in 1992, and its assets reached $1.18 billion on Dec. 31, 1992. At year-end 1992, the State Bank of Huntley had $40 million in assets and earnings of $400,000.
 Suburban's president, Gerald F. Fitzgerald Jr., pointed out that the merger joins the State Bank of Huntley with six other Suburban bank offices in rapidly expanding McHenry County.
 The Huntley bank will continue to operate as State Bank of Huntley after the merger is complete.
 Huntley Bancshares Chairman Wayne M. Miller indicated the State Bank of Huntley has served its community since 1913. "The decision to join with Suburban was based on a shared commitment to community banking, keeping loan decisions and money within the community served."
 After the merger, Suburban will have 30 bank offices in the north, northwest and west corridors stretching from Chicago.
 -0- 2/2/93
 /CONTACT: Gerald Fitzgerald Jr. of Suburban, 708-359-1077/
 (SUBB)


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

GK -- NY071 -- 1932 02/02/93 13:36 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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