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MERIDIAN EXCEEDS $100,000 GOAL IN 'DAYS OF HOPE' CAMPAIGN

 MERIDIAN EXCEEDS $100,000 GOAL IN 'DAYS OF HOPE' CAMPAIGN
 PHILADELPHIA, Feb. 12 /PRNewswire/ -- Meridian Bank today announced it has exceeded its fund-raising goal of $100,000 for Delaware Valley homeless services through its "Days of Hope" campaign.
 Meridian raised the money through the sale of a 1992 calendar called "Days of Hope," which features artwork by college art students from the Philadelphia area. To date, approximately 18,500 of the calendars produced have been sold in Meridian branch offices and through the efforts of Meridian business units and recipient organizations. An additional $4,800 was raised through a silent auction of contributed items and original calendar artwork.
 The bank made the announcement at a news conference at the Philadelphia Committee for the Homeless, which received $14,000 from the campaign. Six other recipient organizations were also presented checks. These include: (Bucks County) American Red Cross Homeless Shelter, $16,500; (Chester County) Community Service Council of Chester County, $13,100; (Delaware County) Community Action Agency of Delaware County, $3,750; (Montgomery County) Habitat for Humanity, $17,300; (Philadelphia) People's Emergency Center, $22,500 and Project Rainbow, $14,000.
 Recipient organizations received the revenues generated from all sales within their county of residence, with the three Philadelphia organizations dividing the funds raised in Philadelphia County.
 "The fact that we exceeded our goal in these difficult economic times says a great deal about the generosity of the Delaware Valley community and the initiative of our Meridian employees," said David R. Bright, president of the Delaware Valley Division of Meridian Bank. "We are pleased to be able to support the efforts of seven organizations which provide such critically important rehabilitation services for the homeless."
 According to Phyllis Ryan, executive director of the Philadelphia Committee for the Homeless: "The generous support received through the Meridian Bank calendar project will provide a big boost to our newest project, Challenge 500. This effort -- designed to aid 500 homeless men in fulfilling their roles as parents, workers, volunteers, taxpayers, and neighbors -- begins by providing the men with hope that they can succeed."
 Besides Meridian, organizations contributing human and financial resources to the calendar project were: Waldman Graphics, Inc. of Pennsauken, N.J. (the entire cost of printing the calendars); Roosevelt Paper Company of Philadelphia (paper); and Reimel Carter Advertising of Philadelphia (design and layout). All calendar production costs were covered by sponsoring organizations, allowing funds raised through sales to go directly to recipient organizations.
 Meridian Bank, a subsidiary of Reading, Pa.-based Meridian Bancorp (NASDAQ: MRDN), serves the banking needs of its Pennsylvania and Delaware communities through a network of 215 branch offices, including 70 in the Delaware Valley. Affordable housing and other community initiatives like the "Days of Hope" project are targeted priorities of Meridian's corporate contributions program.
 /delval/
 -0- 2/12/92
 /CONTACT: Jeffrey Gordon of Meridian Bank, 215-854-3127, or Belinda Donovan of The Tierney Group, 215-732-4100, for Meridian Bank/
 (MRDN) CO: Meridian Bancorp ST: Pennsylvania IN: SU:


LJ-MP -- PH004 -- 9119 02/12/92 09:42 EST
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Publication:PR Newswire
Date:Feb 12, 1992
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