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CoreStates Financial Corp. and Bank of Boston make announcement.

BOSTON--(BUSINESS WIRE)--July 22, 1995--The following statement has been issued by CoreStates Financial Corp. and Bank of Boston Corporation: -0-

Media reports surrounding a potential merger of CoreStates Financial Corp. and Bank of Boston Corporation included much unfounded speculation.

We did enter into preliminary discussions but were unable to agree upon a plan that provides sufficient benefits to our shareholders, customers, employees and communities. Discussions have therefore been terminated.

CONTACT: Bank of Boston

Ira A. Jackson, 617/434-5470

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