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MERIDIAN BANCORP: FEDERAL RESERVE APPROVES MERGER WITH COMMONWEALTH BANCSHARES

 READING, Pa., July 27 /PRNewswire/ -- Meridian Bancorp, Inc. (NASDAQ: MRDN) announced today that the Federal Reserve Board has approved its application for the merger of Meridian and Commonwealth Bancshares Corporation of Williamsport, Pa.
 Shareholders of both companies will vote on the merger on Aug. 26, 1993.
 /delval/
 -0- 7/27/93
 /CONTACT: George Biechler, 215-655-2470, or Bob Shade, 215-655-2463, or W. Sturgis Corbett (financial), 215-655-2438, all of Meridian Bancorp/
 (MRDN)


CO: Meridian Bancorp, Inc.; Commonwealth Bancshares Corporation ST: Pennsylvania IN: FIN SU: TNM

LJ-MP -- PH007 -- 6083 07/27/93 09:07 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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