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/C O R R E C T I O N -- INDEPENDENCE BANCORP/

 /C O R R E C T I O N -- INDEPENDENCE BANCORP/
 In PH005, Independence Bancorp Earnings, moved earlier today, be


advised that, in the table, the figures for "Tax-equivalent net interest income" for the 12 months ended Dec. 31, 1991 and 1990, should read "107,216" and "102,506," respectively, rather than "107,956" and "107,216," as originally transmitted.
 A corrected (condensed) table follows.
 INDEPENDENCE BANCORP INC.
 Financial Highlights
 (Dollars in thousands)
 Three months ended 12 months ended
 Dec. 31, Sept. 30, Dec. 31, Dec. 31,
 1991 1991 1990 1991 1990
 Income:
 Net income $4,383 $5,023 $(734) $18,956 $17,102
 Per share:
 Primary $.40 $.45 $(.07) $1.72 1.55
 Fully diluted .40 .45 (.07) 1.71 1.55
 Cash dividends paid .29 .29 .29 1.16 1.16
 Book value 18.43 18.35 17.88 18.43 17.88
 Net interest income 26,128 26,691 24,639 104,956 99,502
 Tax-equivalent net
 interest income 26,656 27,219 25,370 107,216 102,506
 Non-interest income 9,979 5,605 4,914 28,621 20,622
 Non-interest expense 23,402 22,717 21,445 90,292 84,706
 Loan loss provision 7,182 2,953 8,756 18,665 13,216
 Net charge-offs 5,133 2,864 7,517 15,266 11,902
 /delval/
 -0- 1/22/92 C PH005
 (INBC) CO: Independence Bancorp ST: Pennsylvania IN: FIN SU: ERN


JS-MK -- PH005X -- 2447 01/22/92 16:02 EST
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Date:Jan 22, 1992
Words:248
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