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HARLEYSVILLE NATIONAL CORPORATION SUBSIDIARY TO BUY FOUR PROVIDENT NATIONAL BANK BRANCHES

 HARLEYSVILLE NATIONAL CORPORATION SUBSIDIARY
 TO BUY FOUR PROVIDENT NATIONAL BANK BRANCHES
 PHILADELPHIA, Jan. 2 /PRNewswire/ -- Harleysville National Corp. (NASDAQ: HNBC) and PNC Financial Corp (NYSE: PNC) jointly announced today that their respective subsidiaries have reached an agreement for Harleysville National Bank and Trust Co., a wholly owned subsidiary of Harleysville National Corporation, headquartered in Harleysville, Pa., to acquire four branches of Provident National Bank of Philadelphia.
 The branches to be acquired by Harleysville are located in Collegeville, Pa., at 346 Main St.; Sellersville at 209 N. Main St.; and two sites in Quakertown, 224-228 W. Broad St. and Trainer's Corner Shopping Center, Routes 663 and 309.
 Pending review and approval by various government agencies, the transaction is expected to be completed by mid-1992.
 The acquisition will extend Harleysville National Bank's reach into Bucks County with three new locations and expand to 12, with the Collegeville addition, its locations in Montgomery County. In addition, Harleysville National Bank will be welcoming approximately 10,000 new customers, representing approximately $105 million in deposits. The core deposits and new customer base constitute the primary reasons for Harleysville's entering into this agreement.
 Harleysville National Bank has been working on plans for an office location in Collegeville, on a significant tract of land, which it owns, at the intersections of Route 29 and Old Route 422, in Collegeville. Negotiations on the parcel, which have been proceeding over past months with Bank, Borough, and PennDOT officials, will continue.
 Commenting on the proposed purchase, Walter E. Daller Jr., president and chief executive officer, Harleysville National Bank, said, "We are extremely excited about this opportunity. These are established, well- run offices. They are in new communities for us, but are a natural extension of our market area. We have been anxious to get into Bucks County for some time, and the Collegeville location will provide us with a solid customer base as we continue our expansion plans in this market. Provident has done a fine job with these locations, and we hope to continue and even expand on that record."
 "PNC's long-term strategy for Provident is to strengthen our presence in the Delaware Valley market," said Richard L. Smoot, president and chief executive officer of PNC's Provident National Bank. "This will allow Provident to devote more resources to other trade areas where we have a stronger presence and are better positioned for long- term growth."
 The four offices will be converted into Harleysville National Bank branch offices by the settlement date, targeted for mid-1992. Most PNC employees will become employees of Harleysville National Bank. Harleysville National Bank currently has locations in Lansdale, North Wales, Skippack, Hatfield, Horsham, Limerick and Gilbertsville.
 Daller noted, "The Provident employees undoubtedly know their customers well, and we want these fine relationships to continue. We feel strongly that our wide range of innovative products and record of exceptional service will be ideal for these markets."
 "Our branches in Collegeville, Sellersville and Quakertown have exemplified high standards of quality and customer service, and the contributions these employees have made to our past successes are greatly appreciated," said Smoot. "Harleysville National is a strong, well-managed organization, and has been a good competitor. We believe that both the employees and the customers of these branches will be well served through their affiliation with Harleysville National."
 PNC Financial Corp, headquartered in Pittsburgh, is the nation's 16th-largest bank holding company, with assets of $42.3 billion. PNC operates 500 community banking offices in Pennsylvania, Kentucky, Indiana, Ohio, Delaware and New Jersey and also conducts business through additional offices in 15 states.
 Harleysville National Corporation is the parent of Harleysville National Bank & Trust Company, which has $440 million in assets and 11 locations throughout Montgomery County, and The Citizens National Bank of Lansford, which has $35 million in assets, located in Carbon County, Pa.
 /delval/
 -0- 1/2/92
 /CONTACT: Walter E. Daller Jr. (media or financial) of Harleysville National Corporation, 215-256-8851; or Jonathan Williams (media), 412-762-4550, or evenings, 412-359-0979; Linda S. Wolohan (media), 215-585-5453; or Shelia S. Fischl (financial), 412-762-8257, all of PNC/
 (HNBC PNC) CO: Harleysville National Corp.; PNC Financial Corp; Harleysville
 National Bank & Trust Company ST: Pennsylvania IN: FIN SU: TNM


JS-MK -- PH015 -- 6282 01/02/92 16:46 EST
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Date:Jan 2, 1992
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