tj 74 business Heraid & ui"frn 22 Augusi 84

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1st National State Now Fidelity

NEWARK - The directors of First National State Bancorporation today approved a plan to change the name of First National State Bank of South Jersey, its southern New Jersey affiliate. to First Fideltiy Bank, n.a. /South Jersey The name change, for which regulatory approval has been secured, is effective immediately The name change follows the merger into the First National State system earlier this year of the banks of the former Fidelity Union Bancorporation. Robert R. Ferguson Jr., president and chief executive officer of the parent holding company, noted: "IN THE NAMES of First National State and Fidelity Union we have within our system two of the premiere banking names in New Jersey, and we are proud to bring those names together in this affiliate. "We are currently under - taking a corporate reorganization involving banks in other areas of the

s ate, and therefore we aft* precluded from making any name changes in those other areas at this time, ""here is no obstacle, however, to our now maki.ig such a name change covering our South Jersey Kank." The newly named bank is headquartered in Burlington Township and maintains executive offices in ^leasantville, outside tlantic City. It operates 63 ' ffices in the seven outhernmost counties of N'ew Jersey, and on June 30 it reported total assets of SI. 02 billion. ITS LARGEST -redecessor, First Naional Bank of South ersey, was merged into he First National State system in I960 and renamed First National State Bank of South Jersey. Vnother predecessor bank, headquartered in Burlngton Township, was 'mown before its merger in'n the First National State organization as Mechanics National Bank, and later as ,R,irst National State Bank if West Jersey.

The president and chief executive officer of what is now named First Fidelity Bank, n.a./South Jersey is John V. Petrycki. Elwood F. Kirkman, is its chairman. Kirkman also was elected by the board of the parent company as its vice chairman. The First National State Bancorporation system of banks now have combined assets of over $10 billion, and operates nearly 300 offices throughout all of New Jersey's 21 counties The parent company, as a consequence of the merger with Fidelity Union, now ranks among the 30 largest bank holding companies in the nation, in addition to standing as the largest in the state.

Shellfish Industry Expansion Mapped

TRENTON — The state departments of agriculture and environmental protection will join forces in an effort to expand the state's $4 million shellfish industry State Secretary of Agriculture Arthur R. Brown Jr. and DEP Commissioner Robert Hughey agreed this week to meet with representatives of the shellfish industry to determine the most pressing needs of the industry and its more than 2,200 fishermen. "THERE IS tremendous potential for expansion of the shellfish industry,'' said Brown, "and both agriculture and DEP can, and should, do whatever possible to promote its development." The departments will cooperate with the New Jersey Farm Bureau in the expansion effort, he added. Nearly one million pounds of clams and oysters are harvested each year in New Jersey bays {J and estuaries, according to Hughey He said more clams would be available for harvesting with increased use of depuration, construction of clam hat- y cheries and water clean-up projects. "IN ADDITION to en couraging industry par-

ticipation and guidance, 'he departments also will be acting on the recommendations of the Coastal Bay Clam Resources Task Force," said Hughey Created by a resolution sponsored by Ocean County Assemblyman John Hendrickson, the task force is expected to submit a list of recommendations on industry expansion to Governor Kean by the end of 1964. ■$1.2 Million Receives O.K. TRENTON — Governor Thomas H. Kean recently signed a Supplemental Bill s-2000 to the 1964-85 state budget which, among other items, gives approval to three appropriations totalling $1,217,800 for which Assemblyman Joseph W Chinnici (District I — Cape May-Cumberland) was the H prime sponsor The three items approved for the new fiscal year will benefit the shellfish fisheries industry, provide funds for computer literacy and training, and give business people operating under limited partnership arrangements the same i benefits as corporations. Earns Her Law Degree AVALON - Elizabeth Cunningham, of this I borough, has been awarded a Juris Doctorate Magnum Cum Laude from Nova University Center for the Study of Law in Fort Lauderdale, Fla. j While at Nova, shte was an associate editor of the Nova Law Review and a I member of the Moot Court Society. Ms. Cunningham graduated from Middle I Township High School and Franklin and Marshall Col- ' lege in Lancaster, Pa.

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