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THE GRADUATE HOSPITAL HOSTS CELEBRATION FOR THE GRAND OPENING OF FIRST EXECUTIVE BANK'S FIRST BRANCH OFFICE

 THE GRADUATE HOSPITAL HOSTS CELEBRATION FOR THE GRAND OPENING
 OF FIRST EXECUTIVE BANK'S FIRST BRANCH OFFICE
 What: Graduate Hospital hosts celebration for the grand opening
 of First Executive Bank's first branch office.
 Where
 & When: The Graduate Hospital, 1800 Lombard St., and First
 Executive Bank, located at 1513 Walnut St., will
 celebrate the opening of the bank's first branch office
 tomorrow, Sept. 22, from 5:30 to 7:30 p.m. The
 opening ceremony will begin at 6 p.m. in The Graduate
 Hospital's central lobby with remarks by bank and
 hospital officials and visiting dignitaries.
 Who: Scheduled speakers for the opening ceremony are: Edward
 G. Rendell, mayor of Philadelphia; Sarah W. Hargrove,
 secretary of Banking, Commonwealth of Pennsylvania; Anna
 Verna, Philadelphia City Council; Michael J. Bradley,
 chairman, First Executive Bank; Zvi H. Muscal, chairman,
 ExecuFirst Bancorp, Inc., president and chief executive
 officer, First Executive Bank; Harold Cramer, attorney,
 chairman and chief executive officer, Graduate Health
 System; and Samuel H. Steinberg, FACHE, president of The
 Graduate Hospital.
 Why: Graduate was chosen specifically for First Executive's
 branch site because of its continuous involvement with
 the surrounding community. Graduate has taken a
 leadership stance in support of the South Street West
 Development Corporation to rejuvenate South Street from
 Broad Street to 27th in Center City Philadelphia. First
 Executive Bank is the first institution to bring its
 business to the community in support of the South Street
 West project. Along with Graduate, they have taken the
 first step to serve the neighborhood as well as the
 hospital's medical staff and employees.
 First Executive made its unique commitment to the health
 care community by being the only bank in the Delaware
 Valley to develop a Medical Advisory Board, composed of
 distinguished physicians in the medical community,
 including Graduate's Harry A. Schwamm, M.D., chairman of
 the department of Pathology and Laboratory Medicine. The
 Advisory Board serves as a link between the bank and the
 Delaware Valley health care community.
 Details:
 The Graduate Hospital is a thriving 320-bed tertiary care facility whose medical staff of 550 affiliated physicians and 115 residents and fellows are proficient in more than 40 specialized medical and surgical disciplines. Graduate is part of Graduate Health System, a major regional health care organization serving areas of Southern New Jersey and Southeastern Pennsylvania including The Graduate and Mt. Sinai Hospitals in Philadelphia; Rancocas and Zurbrugg Hospitals in Burlington County, N.J.; Community General Hospital in Reading, Pa.; and a diversified managed health care company, Greater Atlantic Health Service.
 First Executive Bank, the only subsidiary of ExecuFirst Bancorp (NASDAQ: FXBC), was established in November of 1988. It is a state- chartered bank and a member of the Federal Reserve System. Its deposits are insured by the Federal Deposit Insurance Corporation (FDIC).
 CONTACT: Olivia Fermano of The Graduate Hospital, 215-893-7552.
 /delval/
 -0- 9/21/92
 (FXBC) CO: The Graduate Hospital; First Executive Bank ST: Pennsylvania IN: HEA FIN SU:


MJ-CC -- PH048 -- 1875 09/21/92 17:09 EDT
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Publication:PR Newswire
Date:Sep 21, 1992
Words:493
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