Commonwealth Bank Renews Longstanding Relationship With ATX

ATX, a leading integrated communications provider and a subsidiary of CoreComm Holdco, Inc. (Nasdaq: COMMD), announced today the extension of its relationship with Commonwealth Bank for another two years. ATX is providing Commonwealth Bank, a customer since 1991, with inter-exchange carrier and inbound 800 services for 60 locations in the Greater Philadelphia region, including dedicated inter-exchange carrier services at its headquarters in Norristown, PA and an office in Reading, PA.

New York, NY - July 9, 2002 - ATX, a leading integrated communications provider and a subsidiary of CoreComm Holdco, Inc. (Nasdaq: COMMD), announced today the extension of its relationship with Commonwealth Bank for another two years. ATX is providing Commonwealth Bank, a customer since 1991, with inter-exchange carrier and inbound 800 services for 60 locations in the Greater Philadelphia region, including dedicated inter-exchange carrier services at its headquarters in Norristown, PA and an office in Reading, PA.

The Norristown and Reading sites are each supplied with high bandwidth capacity facilities (fractional T1 lines) for their Internet connectivity. ATX has also implemented a backup network for Commonwealth for redundancy purposes and disaster recovery.

"Throughout our relationship with ATX, we have enjoyed personal account management, including a unique consultative sales approach and frequent interaction with our Consultant and Client Care Specialist," states Jennifer Stevens, Telephone Systems Analyst for the bank. "We are very satisfied with the service being provided by ATX, and we look forward to continuing to partner with them."

Commonwealth Bancorp, Inc. (Nasdaq: CMSB), with consolidated assets of $1.8 billion, is the holding company for Commonwealth Bank, which has 60 branches throughout southeast Pennsylvania.

About ATX
Founded in 1985, ATX is a subsidiary of CoreComm Holdco, Inc., a facilities-based integrated communications provider offering local exchange carrier and inter-exchange carrier telephone, Internet, e-business, high-speed data, and wireless services to business and residential customers in targeted markets throughout the Mid-Atlantic and Midwest regions of the United States. ATX/CoreComm currently serves approximately 400,000 business and residential customers. For more information on ATX, please visit www.atx.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
In addition to the historical information presented, this release also includes certain forward-looking statements concerning the future development of the business. Such statements represent the Company's reasonable judgment on the future and are based on assumptions and factors that could cause actual results to differ materially. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such statements.

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