FRIDAY , JULY 18, 1997
NEW YORK--The Federal Reserve Bank of New York Friday
approved the application by MSB Mutual Holding Company, and its
subsidiary, MSB Financial, Inc., both of Wall Township, N.J.,
to become bank holding companies by acquiring 100 percent of the
common stock of Manasquan Savings Bank, Wall Township, N.J., a
mutual savings bank that will convert to a stock form savings
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.