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Joan Specter Elected to Jefferson Bank Board of Directors.

PHILADELPHIA--(BUSINESS WIRE)--March 8, 1996--Joan Specter, Philadelphia City Councilwoman-At-large from 1980-96, will join the Board of Directors of Jefferson Bank (NASDAQ:JEFF) on April 13, 1996. (The date is coincidentally the birthday of Thomas Jefferson, for whom the bank is named.)

Betsy Z. Cohen, CEO and Chairman of Jefferson Bank, announced Specter's election to the Board.

Specter is well-known for her enormous civic and business contributions and diverse talents, including 16 years of public service as an elected official; 10 years as the owner of Joan Specter Desserts, a pioneering national wholesale frozen pie company; newspaper columns on food and consumer reporting for radio. She also serves on the boards of many organizations representing education, business, health care and the arts, including Chestnut Hill College, the Philadelphia Cultural Fund, Ridgeway Philips Company, the Greater Philadelphia Urban Affairs Coalition, the University of the Arts, the Pennsylvania Academy of the Fine Arts, and the Medical College of PA (an affiliate of Allegheny Health, Education and Research Foundation).

Harmon Spolan, President of Jefferson Bank, said, "We are delighted to welcome Joan Specter to the Board and look forward to a long relationship. Joan brings tremendous experience, both as a successful businesswoman and as a Councilwoman with enormous understanding of the greater Philadelphia region. We believe her many interests and strong commitment will be of great value to Jefferson Bank as it moves nearer to becoming a $1 billion asset financial institution."

At 12/31/95, JeffBanks Inc., the holding company for Jefferson Bank, reported total assets of $936 million. Jefferson is an FDIC-insured commercial bank with 23 locations in Pennsylvania and South Jersey.

CONTACT: Jefferson Bank

Ellen Warren, 215/923-8012
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Publication:Business Wire
Date:Mar 8, 1996
Words:278
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