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KEYCORP EXTENDS EXPIRATION DATE OF OFFER TO ACQUIRE EVERGREEN

 ALBANY, N.Y., June 29 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today an extension of the expiration date of its offer to acquire Evergreen Bancorp (NASDAQ: EVGN). The offer, announced on June 22, 1993, has been extended to midnight July 16, 1993. Terms of the offer have not been disclosed.
 Commenting on the extension, Riley said "Representatives of Evergreen's Shareholder Evaluation Committee have contacted me and requested additional time to consider our offer. We view this contact as a positive step and, in a demonstration of cooperation to facilitate negotiations, have agreed to extend the period."
 KeyCorp (NYSE: KEY), with assets over $30 billion, is a multi- regional bank holding company headquartered in Albany, N.Y. It has focused its banking expansion activities in the Northeast and Northwest. As "America's neighborhood bank," KeyCorp pursues a middle-market target concentrating its resources in cities and smaller communities of the northern tier of states, thus avoiding overcrowded marketplaces and single industry loan exposure.
 -0- 6/29/93
 /CONTACT: Lee Irving, 518-486-8579 or 518-479-3273, after hours; or Don Kauth, 518-487-4491 or 518-584-5644, after hours; both of KeyCorp/
 (KEY EVGN)


CO: KeyCorp; Evergreen Bancorp ST: New York IN: FIN SU: TNM

BM -- CL007 -- 6593 06/29/93 09:34 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
Words:204
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