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HARRIS ANNOUNCES MAJOR BRANCH EXPANSION PROGRAM

 CHICAGO, April 18 /PRNewswire/ -- Harris Bankcorp today announced plans to open 24 to 27 new branches in city and suburban communities through 1996.
 One-third of these will be in low to moderate income communities in the city of Chicago and will have a particular focus on neighborhood redevelopment and small business lending. Another third will represent expansion of existing community banks. The remaining third will be in communities where Harris is currently not represented.
 "This branching strategy combined with the Suburban Bancorp (NASDAQ-NMS: SUBBA) merger will bring Harris' distribution network to almost 100 locations throughout Chicagoland," said Harris Chief Executive Officer Alan G. McNally. "Our branch expansion brings us into new city and south suburban neighborhoods. The Suburban Bancorp merger brings us into new west and northwest suburban communities. These initiatives provide us with the opportunity to better serve customers -- and prospective customers -- through improved convenience of banking services close to where they live and work."
 The new branch program includes the recently announced Harris west side branch serving residents of the East Garfield Park, West Garfield Park, North Lawndale and Austin communities, and the Harris Bank Roselle-Hanover Park branch.
 "Our new branching program will provide a wide range of financial services throughout Chicagoland, while at the same time creating jobs and economic opportunity," McNally said.
 -0- 4/18/94
 /CONTACT: Pam Kassner of Harris Bank, 312-461-6625/
 (SUBBA)


CO: Harris Bankcorp; Suburban Bancorp, Inc. ST: Illinois IN: FIN SU:

PS -- NY046 -- 7014 04/18/94 10:47 EDT
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Publication:PR Newswire
Date:Apr 18, 1994
Words:248
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