EXHIBIT 99.2






                     [WHG BANCSHARES CORPORATION LETTERHEAD]

FOR IMMEDIATE RELEASE               FOR FURTHER INFORMATION CONTACT:
- ---------------------               -------------------------------
March 25, 1997                      Peggy J. Stewart
                                    President and Chief Executive Officer
                                    (410) 583-8700

                     WHG BANCSHARES CORPORATION ANNOUNCES
                         COMPLETION OF STOCK REPURCHASE

      Lutherville,  Maryland  -- WHG  Bancshares  Corporation  (Nasdaq  SmallCap
Market-WHGB),  the parent  holding  company of Heritage  Savings  Bank,  F.S.B.,
Lutherville,  Maryland,  today announced that it completed the repurchase of 5%,
or 81,003  shares,  of the  Company's  outstanding  common  stock.  The  Company
currently has 1,539,059 shares of common stock outstanding.

      The  Company  became the holding  company for the Bank on March 29,  1996,
following its initial public  offering at the time of the  Conversion.  Heritage
Savings Bank,  F.S.B.  is a federally  chartered  savings bank that conducts its
business  from its main  office  located in  Lutherville,  Maryland,  one branch
office  located in  Baltimore  City,  Maryland,  two branch  offices  located in
Baltimore  County,  Maryland,  and one branch office  located in Howard  County,
Maryland.  The Bank's deposits are insured up to the maximum legal amount by the
Federal Deposit  Insurance  Corporation  (FDIC).  The Company's  common stock is
traded on the Nasdaq SmallCap Market under the symbol "WHGB."




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