UNITED JERSEY BANKS <UJB> TO MERGE TWO BANKS United Jersey Banks said it plans to merge two of its southern New Jersey member banks into one 704 mln dlr organization. It said United Jersey Bank/Fidelity Bank, based in Pennsauken, will be merged into United Jersey Bank/South in order to improve customer service and maximize efficiency throughout the southern New Jersey markets. Raymond Silverstein, currently chairman of the board of United Jersey Bank/Fidelity, will be chairman of the merged bank, the company said.