7 Herald & Lantern 6 |une '84 _bUSIH6SS ^

Sw" ' STAFF ADDITION — Mercedes Grajales--Zweigle, M.D., has been added to the Emergency Department staff at Bnrdette Tomlin Memorial Hospital, Court House. Dr. Zweigle received her Doctor of Medicine and Surgery diploma from the national Autonomous University of Mexico. She served her internship and residency in general surgery at Graduate Hospital, Philadelphia, and is completing a fellowship in surgical research there.

1st Jersey Announces Buy

JERSEY CITY - Thomas J. Stanton Jr.,y chairman of The First Jersey National Corporation and Jerome P. Foley, president and chief executive officer of Livingston National Bank, have announced that their respective boards of directors have approved the pur_^chase of the Livingston NatTSnal Bank by The First Jersey National Bank. Utpder the terms of the agreement approval by the boards, shareholders of Livingston would receive in exchange for each of their 178,778 shares. 4.34 shares of First Jersey National Corporation common stock, having an approximate aggregate value of $110 per share of Livingston as of the offering date. •THIS ACQUISITION strengthens First Jersey's capital position and enables us to continue with our expansion plans in the

future " Stanton said. He , also noted that "the three I Livingston banking offices complement both the nine Essex County offices to be acquired from First National State Bank and , Fidelity Union /Banir"by mid-year and t|4e one de novo branch to bfe opened in Montclair, Essex County, by year-end 1984.," The Livingston National Bank has a capital base of $11.2 million, and total assets of approximately $80 million. The proposed acquisition of Livingston National Bank is subject to the execution* of a definitive agreement, approval by the shareholders of the Livingston National Bank, and approval .by .the Comptroller of the Currency. First Jersey National Corporation is a $2-biliion, multi-bank holding company operating a total of 71 banking offices in 12 New Jersey counties.

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More Services Seen Midlantic Acquires Union Trust Company

WILDWOOD - The ac- i quistion of six Union Trust i Company offices in Cape May County by Ntydlantic i Banks Inc. of Edison was i completed last week. I "Basically, the bank i (Union) will remain as it j is," said Frank LaWatsch, i senior vice president, < secretary and general < counsel for Midlantic. "We i allow our affiliates to I operate with a great deal of autonomy." < i Charles J. Sansone will i remain as Union Trust ' president and no persons ' will lose their jobs, < Lawatsch said. < The bank will be called Midlantic National 1 Bank/Union Trust. MIDLANTIC PAID a lit- 1 l

tie over $3 million in cash and issued 240,759 shares of Midlantic common stock in exchange for Union Trust shares. "This acquisition marks our entr^ into Cape May County," said Robert Van Buren, Midlantic chair"We look forward to serving its consumer and corporate markets and robust tourism industry through our new affiliate." "We believe that the combination of our talented staff and the additional resources and services provided by Midlantic Banks will allow us to compete even more effectively in Cape May County," said Sonsone. LAWATSCH SAID the bank will be introducing credit card operations, trust services and other retail and wholesale Services. "This will obviously in-

crease the number and quality of services available," said Lawatsch "because of our larger resources " He said the affiliation would make it possible for the local banks to offer "bigger loans and more complicated transactions." UNION TRUST had about $75 million in assets as of March 31, according to Lawatsch. Its offices are located at 3600 Pacific Ave. and 5300 Park Blvd. in Wildwood, 9800 Pacific Ave. in Wildwood Crest, and 3206 Dune Drive in Avalon, 500 New Jersey Ave. in North Wildwood, and 3306 Bayshore Rd. in North Cape May . Midlantic has assets of about $6 billion and about 185 offices in New Jersey in addition to out-of-state and overseas offices.

Turner Elected By CPAs WILDWOOD CREST - Local resident Leon H. Turner, CPA, has been elected president of the 8,200-member New Jersey Society of Certified Public Accountants (NJSCPA) for a one-year term beginning June 1. "I am honored to be asked by my peers to serve as their spokesman for the coming year," said Turner about his presidency. "My challenge during this period," he continued, "will be to encourage the maintenace of high standards of professionalism by CRAs and to encourage the passage of mandatory continuing professional education in our state." Turner, president of Turner, Stauffer & Co., P.A., Wildwood, joined the Society in 1959 and is currently serving as a trustee of the New Jersey-CPA-PolitSical Action Committee. PREVIOUSLY. HE held the offices of vice president and trustee of the society and president of its Atlantic /Cape May Chapter. In addition. Turner is serving as a council member of the American Institute of CPAs. Active in his community, Mr. Turner serves as director of Marine National Bank, Wildwood, and is a member of the Wildwood Kiwanis Club. He is also serving as director of Horizon Bancorp, Morris town. Turner received a Bachelor of Science degree in economics from the School of Finance, University of Pennsylvania, and a Master's degree in business administration from the University of Michigan's Graduate School of Business Administration. Turner and his wife, the former Lola Rubins of North Wildwood, have three children: Anne, Alan and Joan.

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PUBLIC | ANNOUNCEMENT A Union Trust Company is pleased to announce, as of June 1st, 1984, that merger plans have been completed with Midlantic Banks Inc. Our new merged bank will operate under the name of Midlantic National Bank/Union Trust. Mr. Charles J. Sansone will remain as President and Chief Executive Officer of the new banking entity which will continue to operate independently with our present six conveniently-located offices in Cape May County, All present members of the Board of Directors, officers and employees will remain and continue to be your representatives. We are dedicated t6 the philosophy of offering the same high-qut^ity personal service to the people of Cape May County as we have tried to accomplish for over seventy years. With the addition of Midlantic's wide range of services, we can now expand our consumer and corporate markets. Your bank will remain and continue to be the "Eager Beavers" of Cape May County. 522-7757 Midlantic Midlantic National Bank /Union Trust Member ' Federal Reserve System F.D.I.C. to $100,000.