FOR IMMEDIATE RELEASE: FRIDAY, April 12, 1996

NEW YORK--The Federal Reserve Bank of New York Friday approved the application by Marine Midland Bank, Buffalo, N.Y., to acquire certain assets and assume certain liabilities of River Bank America, Valley Stream, N.Y., and, incident thereto, to establish branches at current River Bank branch locations. The bank is a subsidiary of HSBC Holdings plc, London, England.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve bank acted under authority delegated by the Board of Governors of the Federal Reserve System.