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TOLL BROTHERS ANNOUNCES ADDITION OF MERIDIAN BANK TO ITS BANK GROUP

 HUNTINGDON VALLEY, Pa., March 31 /PRNewswire/ -- Toll Brothers, Inc. (NYSE: TOL), the largest builder of luxury homes in the combined Northeast and Mid-Atlantic region, today announced the addition of Meridian Bank to the consortium of banks providing the company with its unsecured revolving line of credit.
 The company's line of credit is currently $150 million.
 Robert I. Toll, the company's chairman and chief executive officer, stated that he is very pleased to welcome Meridian to the bank group.
 David R. Bright, president of Meridian's Delaware Valley Division, commented, "Meridian is pleased to expand its existing relationship with Toll Brothers. Toll's strong performance over the past two years presents a unique opportunity in the housing industry. We look forward to a long relationship with this financially sound and well managed organization."
 /delval/
 -0- 3/31/93
 /CONTACT: Kira Hann of Toll Brothers, 215-938-8000/
 (TOL MRDN)


CO: Toll Brothers; Meridian Bank ST: Pennsylvania IN: CST FIN SU:

CC-LJ -- PH028 -- 1585 03/31/93 14:37 EST
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Publication:PR Newswire
Date:Mar 31, 1993
Words:164
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