FOR IMMEDIATE RELEASE: FRIDAY, June 7, 1996

NEW YORK -- The Federal Reserve Bank of New York Friday approved the application by HUBCO, Inc., Mahwah, N.J., to acquire Lafayette American Bank and Trust Company, Bridgeport, CT.

According to standard procedure, the proposal cannot be completed for 15 days, pending review by the Justice Department.

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