Aiming to fill a void expected by the disappearance of CoreStates Financial Corp., a group of business leaders is organizing a new community bank in suburban Philadelphia.

David E. Sparks, the former chief financial officer of Meridian Bancorp, Reading, Pa., is heading the group planning to open Millennium Bank in affluent Chester County. Other organizers include the state's economic development secretary and the former chairman of the state's largest bank.

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