Thursday, July TVIW)

The Herald And The Lanleni

Marine To Join Horizon Bancorp

P»g*7

WILDWOOD - The Boards of Directors of The Marine National Bank of Wildwood and Horizon Bancorp of Morristown, New Jersey have agreed in principle that Marine National Bank will become a member of Horizon Bancorp. Under the terms of the proposal, Horizon will issue 4.5 of its common shares for each of the

157,388 outstanding common shares of Marine National. The market, value of the transaction is approximately $10,000,000. The proposal will require approval by Marine National sharhoklers as well as by regulatory

agencies.

Marine National operates in Cape May County with offices in

f doob fimma HaEMHI DRAPERIES Wig AND ACCESSORIES TOO) TXhB FURNITURE • LAMPS BED & BATH BOUTIQUE I Quality Window Fashion 3S Gift Items I HTH *. OCEAN DR., AVALON W7-4U7 JP I >0 5 DAILY; FRI. TIll 9; CLOSED SUNDAY iHN

JUIY 4—JIHY1J

PIAM. SLOaOOl AN WATlRCOiOM MALVIRN, PA.

', unique collection of oils • watercolors • graphics • pottery • crafts . _■ • jewelry

distinctive

handcrafted gifts

□

ACCESSORIES

FOR HOME AND KITCHEN

WUIflM R5 OflUERRS, SfTTINO A PMCSDINT IN ART tINCK 1H4 Mon* harfeor, iww Jwwy oa347 9725 aecond avsnua pN>oa (009) 3SM3S1 •unwrwr hours: dNhr and Sunday 10 to 10 can for apring and fall hours

Designer Frames Our up-doted selection of attractive frames is \ ollthe more reason to | wear eyeglasses when 1 ^ you need them! ' // [v SENIOR CITIZEN DISCOUNT^ 10% OFF RANDALL VENZIE 'OPTICIAN 3014 PACIFIC AVENUE WILDWOOD, NEW JERSEY PHONE 729-1095 ;

AN Types of COMMERCIAL ft RESIDENTIAL AIR CONDITIONING for Homes b Businesses DESIGN INSTALL SERVICE FREE SURVEt •WALK-IN BOXES ‘ICE MACHINES •REACH-IN REFRIGERATORS fj matumjffnlN V COOLING • HEADING, INC. 5,M w^^ v, 522-0121

North Wildwood. Wildwood Crest, Lower Township and Middle Township as well as in Wildwood. At the yearend 1978, it reported assets of $100,000,000. Income before security transactions for the same year was $1.0 million. Under the terms of the proposal Marine National would continue to operate as a separate entity, under its present name, with its present directors, officers and employees. Three directors of Marine National will join the Horizon Bancorp board and two directors of Horizon will join the Marine National board. James L. Billmeyer, President and Chief Executive Officer of Marine national, termed the affiliation an excellent relationship. It will continue the Marine National tradition of customer and community service, while providing the bank with additional resources for developing and expanding its services and service areas. In addition, he stated, the non-taxable stock exchange will provide substantial increases in dividends, market value. and marketability for The Bank's shareholders. Horizon Bancorp's present banking subsidiaries are American National Bank & Trust of New Jersey and Princeton Bank and Trust Company. A non-banking subsidiary. Horizon Creditcorp, specializing in yacht financing and secondary mortgages, has offices in New Jersey, Florida and Texas. At year-end 1978 Horizon had total assets of $833 million. Horizon earlier reported the acquisition of the $41 million deposit Bergep Bank of Commerce, Paramus, which is . expected to be effective July 23. In addition, the Boards of Directors of the $82 million deposit Franklin Bank of Paterson and Horizon voted Jjily 16 that Franklin Bank will become a member of Horizon. Night In Venice Boat Parade OCEAN CITY — Ocean City’s Night In Venice Boat Parade, one of the largest events of its kind in the nation, will mark its 25th anniversary here July 21. All street? at lagoons which will be entered by Night In Venice parade boats will c^ose at 4 p.m. the eveniaa of the celebration. Omy residents will be permittld to enter and exit the area after that. The restriction is necessary due to possible safety hazards caused by cars blocking streets and driveways. It is recommended by City officials that visitors attending parties, etc. park at the school and Civil Defense lot, 18th St. & Bay Ave., also at 18th St. & Simpson and the City parking lot at 6th & Asbury Ave. Boaters are informed that the Coast Guard will strictly enforce all bofting regulations assisted by the Marine Police with fines up to $500. Entry forms are available for Night In Venice at Chic’s Decorators, 725 Asbury Ave., Franklin Williams Realtor, 1330 Bay Ave., and the Ocean City Yacht Club, Bay Ave. & Battersea Rd.

BOO!

Being scared is a good way to get rid of the hiccups. And it’s fun to dash through a haunted house. Being scared ia not an effective way to run or run away from your life. Especially if being scared or intimidated has kept you out of college. You've thought about going, about the rewards and satisfaction of earning a diploma. But tests and homework and outside responsibilities keep you away Atlantic Community College tries very hard to make you comfortable learning. There’s always someone to

talk to about a problem. There are tutors available if you need extra help. Sure, there are tests and homework. But that's to help you learn not to scaif you into learning. Fall semester classes begin September 4. Write or call for a free tabloid describing all our classes and programs for the Fall. . If college were easy, everyone would, have a diploma. And that's just not the way it is. Getting an education is a challenge, that’s true, but it's not one to be afraid of.

rSSutlantic jommunity 01 lege

I 79 Fall Samester |. Atlantic Community Collage I Mays Landing, N.J. 08330

J Please s 1979 P,

■an LaaNiag, N.J. 11330 !«*>,...

Tal. 320-1111 ar 040-4050

+T-

NowlEarnMore! \5%%M

^On

Regular PassUook Savings

COMPOUNDED DAILY FROM DAY OF DEPOSIT TO DAY OF WITHDRAWAL •NO INTEREST ON BALANCES UNDER $100 PLUS . ALL NEW CERTIFICATES NOW REDUCED TO $1000 MINIMUM Eicept 6 month money market certificate* ($10,000.) . ALL NEW CERTIFICATESCOMPOUND INTEREST DAILY • ALL NEW 4 YEAR CERTIFICATES ( Treasury Rat* Certificates)

4

National Bank Member of Federal Reserve System and FDIC WE SHOULD BE YOUR BANK"

OFFICES

• WILDWOOD

• NORTH WILDWOOD • WILDWOOD CREST • LOWER TOWNSHIP • MIDDLE TOWNSHIP