DAUPHIN DEPOSIT &lt;DAPN> TO MAKE ACQUISITION

  Dauphin Deposit Corp said it has
  signed a letter of intent to acquire Colonial Bancorp Inc of
  New Holland, Pa., in an exchange of 3.6 to 4.4 Dauphin shares
  for each colonial share, depending on the market value of
  Dauphin shares just before the merger takes place.
      The company said the acquisition is subject to approval by
  Colonial shareholders and regulatory authorities.  Colonial had
  assets at year-end of about 150 mln dlrs.
  

