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FEDERAL RESERVE APPROVES MERIDIAN TRANSACTION

 FEDERAL RESERVE APPROVES MERIDIAN TRANSACTION
 READING, Pa., Nov. 3 /PRNewswire/ -- Meridian Bancorp, Inc.


(NASDAQ: MRDN) announced today that the Federal Reserve Board has approved the pending acquisition of Peoples Bancorp, Inc. and its subsidiary, The Peoples National Bank of Lebanon.
 The consummation of the transaction remains subject to the approval of the Pennsylvania Department of Banking. A closing is anticipated in late November or early December.
 /delval/
 -0- 11/3/92
 /CONTACT: George E. Biechler, 215-655-2470, or Bob Shade, 215-655-2463, both of Meridian Bancorp/
 (MRDN) CO: Meridian Bancorp, Inc.; Peoples Bancorp, Inc. ST: Pennsylvania IN: FIN SU:


MJ-JS -- PH009 -- 2050 11/03/92 11:59 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 3, 1992
Words:106
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