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FIRST INTERSTATE BANK WELCOMES INDEPENDENCE BANK CUSTOMERS

 FIRST INTERSTATE BANK WELCOMES INDEPENDENCE BANK CUSTOMERS
 LOS ANGELES, Jan. 31 /PRNewswire/ -- Twelve Southern California branches of First Interstate Bank of California will be available to assist Independence Bank customers conduct select financial transactions beginning at 4 p.m. on Friday, Jan. 31. First Interstate Bank was selected by the California State Department of Banking and the Federal Deposit Insurance Corp. to act as the "paying agent" for Independence Bank customers, following Independence Bank's closure by the FDIC on Jan. 30, 1992.
 Independence Bank customers must conduct their financial transaction at one of the 12 designated First Interstate bank branch offices which correspond to their Independence Bank location (see list below).
 These 12 First Interstate branches are the only locations providing service to Independence Bank customers. Independence Bank customers have 30 days to visit one of these First Interstate branches to either withdraw funds or convert to a First Interstate account. After that period, checks will be mailed to any Independence Bank customers who have not made other arrangements.
 Special First Interstate promotions available to these Independence Bank customers include three month's free personal checking, one free order of 200 designer checks, and a one-year fee waiver for a small- sized safe deposit box and on a new, qualifying First Interstate Master Card or Visa credit card.
 All deposit accounts from Independence Bank will have been transferred by the FDIC to the 12 designated First Interstate branches by 4 p.m. Friday, Jan. 31. Independence customers can begin conducting their transactions at the appropriate First Interstate branch from 4 p.m.-9 p.m., Friday, Jan. 31, 1992, as well as from 9 a.m.-3 p.m. on Saturday, Feb. 1, 1992, as well as regular First Interstate business hours after that time.
 "I believe that First Interstate Bank was selected to serve Independence Bank customers due to our long-standing reputation for integrity, our quality customer service, and our extensive branch network," stated Bruce G. Willison, chairman and chief executive officer of First Interstate. "Customers can rest assured in knowing that First Interstate is part of a $49 billion enterprise that is one of the most liquid bank holding companies in the United States, and which maintains one of the most stable 'core deposit' bases among major banking companies," added Willison.
 First Interstate Bank of California is the principal subsidiary of First Interstate Bancorp (NYSE: I) a banking company which utilizes almost 1,100 domestic offices and 31 international offices in 17 countries to serve consumers and business customers. First Interstate Bank of California serves customers statewide through 333 offices.
 FROM: TO:
 INDEPENDENCE BANK FIRST INTERSTATE BANK
 Beverly Hills Regional Office Wilshire Oakhurst Office
 175 S. Beverly Dr. 9132 Wilshire Blvd.
 Beverly Hills, CA 90212 Beverly Hills, CA 90212
 Calabasas Regional Office Woodland Hills Office
 23701 Calabasas Road. 21021 Ventura Blvd.
 Calabasas, CA 91302 Woodland Hills, CA 91364
 Canoga Park Regional Office Canoga Park Office
 20900 Sherman Way 21834 Sherman Way
 Canoga Park, CA 91303 Canoga Park, CA 91303
 Encino Regional Office Encino Office
 15910 Ventura Blvd. 16633 Ventura Blvd.
 Encino, CA 91436 Encino, CA 91436
 Inland Empire Regional Office Rancho Cucamonga
 9267 Haven Ave., Suite 101 6701 Carnelian St.
 Rancho Cucamonga, CA 91730 Rancho Cucamonga, CA
 91701-4556
 Irvine Regional Office Orange County Airport
 18818 Teller Ave., Suite 220 5000 Birch St.
 Irvine, CA 92715 Newport Beach, CA 92660
 Los Angeles Regional Office Los Angeles Office
 500 W. Sixth St. 707 Wilshire Blvd.
 Los Angeles, CA 90014 Los Angeles, CA 90017
 Northridge Regional Office Northridge Office
 8710 Tampa Ave. 19230 Nordhoff St.
 Northridge, CA 91324 Northridge, CA 91324
 South Bay Regional Office Del Amo Center
 21660 Hawthorne Blvd. 21842 Hawthorne Blvd.
 Torrance, CA 90503 Torrance, CA 90503
 Studio City Office North Hollywood
 11000 Ventura Blvd. 4605 Lankershim Blvd.
 North Hollywood, CA 91604 North Hollywood, CA 91602
 Ventura Coldwater Office Sherman Oaks Office
 12915 Ventura Blvd. 14708 Ventura Blvd.
 Studio City, CA 91604 Studio City, CA 91403
 Ventura Louise Office Encino Office
 17255 Ventura Blvd. 16633 Ventura Blvd.
 Encino, CA 91316 Encino, CA 91436
 Westlake Village Regional Office Westlake Office
 2806 Townsgate Road 3965 E. Thousand Oaks Blvd.
 Westlake Village, CA 91361 Thousand Oaks, CA 91362
 Woodland Hills Regional Office Woodland Hills Office
 21108 Ventura Blvd. 21021 Ventura Blvd.
 Woodland Hills, CA 91364 Woodland Hills, CA 91364
 -0- 1/31/92
 /CONTACT: Cheryl Friedling of First Interstate Bank, 213-614-3100, or (after hours/weekend), 213-239-5120, for Independence Bank/
 (I INBC) CO: First Interstate Bank ST: California IN: FIN SU:


AL -- LA021 -- 5799 01/31/92 16:59 EST
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Date:Jan 31, 1992
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