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MERIDIAN BANCORP ACQUIRES BANK OF BATH

 READING, Pa., Dec. 10 /PRNewswire/ -- Meridian Bancorp Inc. (NASDAQ-NMS: MRDN), Reading, has completed its previously announced acquisition of First Bath Corp., Northampton County, the holding company for First National Bank of Bath.
 Under the terms of the definitive agreement, Meridian Bancorp will exchange 1.45 shares of Meridian common stock for each outstanding share of First Bath common stock.
 First Bath's five branches -- four in Northampton County and one in Lehigh County -- will open as branches of Meridian Bank on Monday, Dec. 13.
 Meridian Bancorp, Inc. is a banking and financial services holding company based in Reading. Meridian through its subsidiaries, operates nationally, with its banking focus in 16 Pennsylvania counties and the states of New Jersey and Delaware.
 /delval/
 -0- 12/10/93
 /CONTACT: George E. Biechler, 215-655-2470, or Bob Shade, 215-655-2463, or Connie Walker, 215-655-3956, all of Meridian Bancorp/
 (MRDN)


CO: Meridian Bancorp, Inc.; First Bath Corp.; First National Bank of
 Bath ST: Pennsylvania IN: FIN SU: TNM


MJ-MP -- PH029 -- 2761 12/10/93 16:13 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:169
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