UNITED JERSEY BANKS <UJB> TO MERGE TWO BANKS
United Jersey Banks said it
plans to merge two of its southern New Jersey member banks into
one 704 mln dlr organization.
    It said United Jersey Bank/Fidelity Bank, based in
Pennsauken, will be merged into United Jersey Bank/South in
order to improve customer service and maximize efficiency
throughout the southern New Jersey markets.
    Raymond Silverstein, currently chairman of the board of
United Jersey Bank/Fidelity, will be chairman of the merged
bank, the company said.
 Reuter
