INDEPENDENCE BANCORP <INBC> COMPLETES MERGER
Independence Bancorp Inc said
it completed its merger with Scranton, Penn.-based <Third
National Bank and Trust Co>, with assets of 316 mln dlrs.
    Independence said its combined assets are now 2.5 billion
dlrs.
    The company said that each share of Third National common
will be exchanged for 4.06 shares of its common. Independence
said the merger will be accounted for as a pooling of
interests.
 Reuter
