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Midlantic Adding 2 Branch Offices
WILDWOOD — Midlantic National Bank/Union Trust, an Wftliate of Midlantic Banks Inc., has added two banking offices to its growing Cape May County branch network. The offices, previously affiliated with Heritage Bank N.A.. are located in Ocean City at 9th Street and Central Avenue, and at 34th Street and Simpson
Avenue. In addition, the former Heritage Bank N.A. office at 2738 Dune Drive. Avalon, has been merged into the Midlantic National Bank/Union Trust office at 32nd and Dune Drive, Avalon. THE CONVERSION of the two offices represents the first step in the program to integrate Heritage's 95 branches into the affiliate banks of Midlantic Banks Inc. "We are very pleased with the transition." stated Charles J. Sansone, president of Midlantic National Bank/Union Trust. "Everything proceeded according to schedule, enabling us to maintain the highest possible level of service for our customers." With the new branches. Midlantic National Bank/Union Trust has added 30 employes and deposits of $45 million, and 1 now has eight banking of- . fices and total assets of I $132 million. SANSONE ADDED that 1 the Midlantic organization continues to pursue opportunities for continued expansion in Cape May County. "We plan to open a temporary office, which will eventually become a per manent facility, in Cape May during the second quarter We also anticipate the addition of a branch in Rio Grande prior to yearend. and we will look at sites in other locations that could enhance our branch system." he said. Sansone's senior staff officers in Ocean City will be Wilbur V. Bennett Jr.. senior vice president in charge of the Ocean City area, and Harriet M. Gibbons. assistant vice president and branch administrator of Ocean Citybranches. Midlantic Banks Inc. is a multi-bank holding company headquartered in Edison. NJ Midlantic has $10.5 billion in assets, and 312 offices serving the 21 counties of New jersey, and in Florida. New York. North Carolina. Pennsylvania. London. Hong B Kong and the Cayman fig. Islands. *'dlantic's hankie related affiliates are engaged in factoring, leasing. trust, mortgage banking and international activities.
Y.J i ^B ■■■■nnMHnp NEW BRANCH OFFICE — Charles J. Sansone. second right, president of Midlantic National Bank/L'nion Trust, and three senior staff officers in front of bank's new office. - 9th Street and Central Avenue. Ocean City. Left to right are: William M. Russell, executive vice president: Harriet M. Gibbons, assistant vice president and administrator of Ocean City branches: Sansone. and Wilbur V. Bennett Jr.. senior vice president in charge of Ocean City area. I MATTRESS QUARTERS %UV V osborne's TV and m i appliance , Cv| f -s I Shopper's Haven Cape Vj WK rx May Court House Fl -yW — (Behind Murphy's) R HOURS: 9-5:30 M-T-W-T-S; m Fri. 9-7; Closed Sun. 465-7825 63 ?| FLAT ROOF PROBLEMS? \l ; SOLVED! ; -» Call 1 ; SHAW ROOFING CO. ; ^ " C7 (u tztfoof rSfxtciattiti * * Before 7 967-7056 After 7 £ . — "▼ -4 Don Shaw + •* 2389 Dune Drive Avalon. N J. 08202 * ;Wrrrrrprrrrrrrrrr rrrrr.5 Ornamental boa Work • Window Guard* • Structural Steel Fkt and Thetl Protection. Record Sale* A Money Sain.
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