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CORESTATES COMPLETES SALE OF SIGNAL FINANCIAL CORPORATION ASSETS TO THE ASSOCIATES

 CORESTATES COMPLETES SALE OF SIGNAL FINANCIAL
 CORPORATION ASSETS TO THE ASSOCIATES
 DALLAS, May 11 /PRNewswire/ -- CoreStates Financial Corp. (NASDAQ: CSFN) and Associates Corporation of North America today announced the closing of The Associates' purchase of the assets of CoreStates' subsidiary, Signal Financial Corporation, which includes approximately $300 million in receivables. The signing of a definitive agreement had been announced on April 15.
 The transaction price was not disclosed.
 Pittsburgh-based Signal Financial Corporation provides consumer finance services in eight states. The company had been owned by CoreStates since 1973.
 The Associates is a consumer and commercial finance company, and part of the Financial Services Group of Ford Motor Company (NYSE: F).
 -0- 5/11/92
 /CONTACT: Fred Stern of The Associates, 214-541-4042; or Linda Stryker or Gary Brooten of CoreStates, 215-973-3546/
 (CSFN F) CO: CoreStates Financial Corp.; Associates Corp. of North America ST: Texas IN: FIN SU: TNM


SB -- NY064 -- 8636 05/11/92 12:25 EDT
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Publication:PR Newswire
Date:May 11, 1992
Words:156
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