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DAUPHIN DEPOSIT COMPLETES ACQUISITION OF FB&T CORPORATION

 DAUPHIN DEPOSIT COMPLETES ACQUISITION OF FB&T CORPORATION
 HARRISBURG, Pa., July 1 /PRNewswire/ -- Dauphin Deposit Corporation (NASDAQ: DAPN) today completed the previously announced acquisition of FB&T Corporation of Hanover, Pa.
 The acquisition adds $677 million in assets and 17 banking offices, extending Dauphin's strong presence in Central Pennsylvania. Dauphin Deposit Corporation, now with $4.3 billion in assets, headquartered in Harrisburg is the area's largest independent bank holding company.
 Under the terms of the agreement, each outstanding share of FB&T common stock will be exchanged for .9437 shares of Dauphin stock. At the time of closing there were 2,096,718 shares of FB&T stock outstanding.
 Commmenting on the transaction, William J. King, chairman and chief executive officer, said, "This is an excellent strategic fit with an outstanding banking organization. Many FB&T branches are in new communities for Dauphin and represent a very desirable and natural extension of our existing market area. Both Dauphin and FB&T have established themselves as strong members of the communities they serve, and they will continue to concentrate on and provide quality customer service."
 -0- 7/1/92
 /CONTACT: N. Bruce Pinto, vice president of Dauphin Deposit Corporation, 717-255-2066/
 (DAPN) CO: Dauphin Deposit Corporation; FB&T Corporation ST: Pennsylvania IN: FIN SU: TNM


AW-JB -- PH011 -- 5641 07/01/92 11:19 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
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