UNITED JERSEY BANKS &lt;UJB> TO MERGE TWO BANKS

  United Jersey Banks said it
  plans to merge two of its southern New Jersey member banks into
  one 704 mln dlr organization.
      It said United Jersey Bank/Fidelity Bank, based in
  Pennsauken, will be merged into United Jersey Bank/South in
  order to improve customer service and maximize efficiency
  throughout the southern New Jersey markets.
      Raymond Silverstein, currently chairman of the board of
  United Jersey Bank/Fidelity, will be chairman of the merged
  bank, the company said.
  

