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SOCIETY CORPORATION COMPLETES MERGER OF MICHIGAN AFFILIATES

 ANN ARBOR, Mich., March 15 /PRNewswire/ -- Society Corporation (NYSE: SCY) today announced the completion of the merger of its three banking affiliates in Michigan: Society Bank, Michigan, Society Bank, Monroe and Society National Bank, Sturgis. The resulting entity, Society Bank, Michigan, is a $1 billion banking company with 37 branch offices serving southern Michigan.
 George Cress, chairman and chief executive officer, Society Bank, Michigan, said the combination is a significant step toward providing Society customers with even greater convenience.
 Society's districts have their own local management and an advisory board of local business and community leaders. Society Bank, Michigan will operate four districts: Ann Arbor, Lenawee, Monroe and Sturgis.
 "Through this merger, Society is offering its customers increased access to more offices and reinforcing our commitment to strong district management at the local level," Cress said.
 The merger also marks the conversion of the banks to a single operating system. As a result, customers throughout southern Michigan can now conduct banking transactions at any Society Bank, Michigan office.
 Society Bank, Michigan is an affiliate of Society Corporation, one of the largest bank holding companies in the Midwest. As of Dec. 31, 1992, Society Corporation has $25 billion in assets, $1.9 billion in equity capital, more than $3.7 billion of market capitalization and more than 435 banking offices in Ohio, Michigan and Indiana. The trust business of Society ranks in the top 15 nationally in terms of revenues and has offices in Ohio, Michigan, Indiana, Texas, Florida, New York, Colorado and Missouri. Through its affiliates, Society engages in commercial banking, consumer banking, mortgage banking and leasing and investment management and trust services.
 -0- 3/15/93
 /CONTACT: Kathleen Woodard of Society Bank, Michigan, 313-747-7719/
 (SCY)


CO: Society Corporation ST: Ohio, Michigan IN: FIN SU: TNM

KK -- CL002 -- 5899 03/15/93 09:05 EST
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Publication:PR Newswire
Date:Mar 15, 1993
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