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CCNB MERGER WITH PNC FINANCIAL RECEIVES REGULATORY APPROVAL

 CCNB MERGER WITH PNC FINANCIAL RECEIVES REGULATORY APPROVAL
 PITTSBURGH and CAMP HILL, Pa., Sept. 22 /PRNewswire/ -- PNC Financial Corp (NYSE: PNC) and CCNB Corporation (NASDAQ: CCNC) announced today that all regulatory approvals have been obtained related to the proposed merger of CCNB with PNC.
 Shareholders of CCNB approved the merger plan on May 27, 1992. The transaction is subject to the expiration of the waiting period required by the Department of Justice. The parties expect to close the transaction on Oct. 23, 1992.
 On completion of the transaction, CCNB intends to merge its Gettysburg National Bank and Parent Federal Savings Bank into CCNB Bank, N.A.
 PNC Financial Corp, headquartered in Pittsburgh, is the nation's 13th-largest bank holding company, with assets of $45.5 billion. It operates approximately 500 community banking offices in Pennsylvania, Kentucky, Ohio, Indiana and Delaware and conducts business through additional offices in 16 states.
 PNC's principal banking affiliates include: Pittsburgh National Bank, Pittsburgh; Provident National Bank, Philadelphia; Citizens Fidelity Bank, Louisville, Ky.; Central Trust, Cincinnati; Bank of Delaware, Wilmington, Del.; Northeastern Bank, Scranton, Pa.; Marine Bank, Erie, Pa.; PNC National Bank, Wilmington, Del.; Hershey Bank, Hershey, Pa.; and The First Bank and Trust Company, Mechanicsburg, Pa.
 CCNB Corporation, with assets of approximately $1.2 billion, includes CCNB Bank, N.A., The Gettysburg National Bank and Parent Federal Savings Bank, and operates 42 branch offices throughout south central Pennsylvania's Adams, Cumberland, Dauphin, Perry, York and Lancaster counties.
 -0- 9/22/92
 /CONTACT: Jonathan Williams, media, 412-762-4550, or at home, 412-257-3257, or William H. Callihan, investors, 412-762-8257, both of PNC Financial Corp; or Gwendolyn I. Richards, media, of CCNB Corporation 717-730-2454/
 (PNC CCNC) CO: PNC Financial Corp; CCNB Corporation ST: Pennsylvania IN: FIN SU: TNM


CD -- PG011 -- 2310 09/22/92 15:29 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
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