Exhibit 99
(PennRock Financial Services Corp. Letterhead)
PRESS RELEASE
For Immediate Release
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Contact:
Glenn H. Weaver, President
PennRock Financial Services Corp.
(717) 354-4541
BLUE BALL, PENNSYLVANIA, June 27, 2000 - - PennRock Financial Services
Corp., the parent bank holding company of Blue Ball National Bank,
today announced that its Board of Directors has authorized the
repurchase of up to 200,000 shares of its common stock, or
approximately 3.3% of such shares outstanding.
The repurchases are authorized to be made from time to time in open
market or privately negotiated transactions during the next year.
According to Executive Vice President and Chief Executive Officer
Melvin Pankuch, the repurchased shares will be held as treasury shares
available for issuance in connection with future stock dividends and
stock splits, employee benefit plans, executive compensation plans and
for issuance under the Dividend Reinvestment Plan.
PennRock repurchased approximately 94,789 shares of its common stock,
representing approxomately 1.6% of such shares outstanding, pursuant to
a one year stock repurchase program which expired on June 7, 2000.
PennRock Financial Services Corp. is a Lancaster County based bank
holding company with assets in excess of $886 million. Its wholly-
owned subsidiary, Blue Ball National Bank, operates 15 banking offices
in Lancaster, Berks and Chester Counties, Pennsylvania.
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