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INB FINANCIAL CORPORATION ESTABLISHES NOTE PROGRAM

       INB FINANCIAL CORPORATION ESTABLISHES NOTE PROGRAM
    INDIANAPOLIS, Nov. 4 /PRNewswire/ -- INB Financial Corporation (NASDAQ: INBF) today announced it has filed a shelf registration statement with the Securities and Exchange Commission which relates to the offering from time to time by means of a prospectus of up to $100 million of senior and/or subordinated notes.
    INB Financial Corporation intends to use the proceeds from any sale of the debt securities for general corporate purposes.  Such uses may include investments in and extensions of credit to the corporation's subsidiaries, the repayment of debt (including up to approximately $50 million in 11-1/2 percent senior debt redeemable at par commencing in August 1992) and the funding of future acquisitions.  The type of notes to be offered, the specific maturity, interest rate and other terms of the notes will be established at a later date.
    INB Financial Corporation is a multi-bank holding company based in Indianapolis.  The corporation's bank affiliates provide a full range of banking and trust services to individuals, businesses, other institutions and government agencies located primarily in Indiana and the central Midwest.  Through its bank-related affiliates, the corporation also provides a diverse portfolio of financial services, including mortgage banking, insurance and brokerage services.
    -0-                        11/4/91
    /CONTACT: Jean M. Smith (media), 317-266-5271, or Frank A. Shackelford (investor), 317-266-6824, both of INB Financial Corp./
    (INBF) CO:  INB Financial Corporation ST:  Indiana IN:  FIN SU: LC -- CL017 -- 0827 11/04/91 15:21 EST
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Publication:PR Newswire
Date:Nov 4, 1991
Words:243
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