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SUBURBAN BANCORP, HUNTLEY BANCSHARES MERGE

 PALATINE, Ill., June 23 /PRNewswire/ -- Yesterday Huntley Bancshares stockholders approved Huntley's merger into Suburban Bancorp Inc. (NASDAQ-NMS: SUBBA). Suburban and Huntley previously received required regulatory approval to merge Huntley Bancshares into Suburban.
 Completion of the merger is expected in July 1993, according to Suburban Bancorp President Gerald F. Fitzgerald Jr. and Huntley Bancshares Chairman Wayne M. Miller. The State Bank of Huntley will become the 13th community bank in Suburban's multibank organization.
 Following the merger, the State Bank of Huntley will operate under its present name, continuing as a community-responsive bank consistent with Suburban's banking philosophy, according to Fitzgerald.
 The merger will create a $1.25 billion asset multibank holding company. The merger will give Suburban its fourth bank with a total of eight offices in rapidly expanding McHenry County. Overall Suburban will have 30 bank offices in the north, northwest and west corridors outside Chicago.
 -0- 6/23/93
 /CONTACT: Gerald F. Fitzgerald Jr. of Suburban Bancorp, 708-359-1077/
 (SUBBA)


CO: Suburban Bancorp Inc.; Huntley Bancshares ST: Illinois IN: FIN SU: TNM

CK -- NY031 -- 4927 06/23/93 10:21 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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