Exhibit 99.2
[COMMONWEALTH BANCORP, INC. LOGO]
For release: IMMEDIATELY
Contact: Charles M. Johnston, Chief Financial Officer
Commonwealth Bancorp, Inc.
(610) 313-2189
COMMONWEALTH BANCORP, INC. DECLARES CASH DIVIDEND
Norristown, PA, September 12, 2000 - Commonwealth Bancorp, Inc. (NASDAQ: CMSB)
announced today that its Board of Directors has declared a cash dividend of
$0.11 per share of common stock. The dividend is payable on October 13, 2000,
to shareholders of record at the close of business on September 29, 2000.
Commonwealth Bancorp, Inc., with consolidated assets of $1.9 billion, is the
holding company for Commonwealth Bank, which has 60 branches throughout
southeast Pennsylvania. ComNet Mortgage Services, a division of Commonwealth
Bank, has offices in Pennsylvania, Maryland and New Jersey. ComNet also
operates under the trade name of Homestead Mortgage in Maryland.
COMMONWEALTH BANCORP, INC.
Mailing Address: P.O. Box 2100, Valley Forge, PA 19482-2100
Shipping Address: 2 West Lafayette Street, Norristown, PA 19401-4758
610-313-1600
