INVESTORS SAVINGS CORP. CLOSES EXCHANGE OFFER
INVESTORS SAVINGS CORP. CLOSES EXCHANGE OFFER WAYZATA, Minn., Nov. 22 /PRNewswire/ -- Investors Savings Corp.
(NASDAQ: INVS) announced that it has today accepted the tender of $7,591,000 principal amount of the Subordinated Capital Notes due 1999 of Investors Savings Bank, F.S.B., its subsidiary, and issued in exchange therefor 303,640 of its units, each unit consisting of one share of Cumulative Perpetual Preferred Stock, Series 1991 and one warrant to purchase one-half of one share of common stock. The exchange offer, which commenced on Oct. 15, expired Friday, Nov. 15. The exchange offer was made through a group of soliciting dealers led by Piper, Jaffray & Hopwood Incorporated.
Investors Savings Corp. is a savings and loan holding company whose principal asset is Investors Savings Bank, F.S.B., a federally chartered savings bank with eight retail banking offices and six residential mortgage production offices in the Twin Cities metropolitan area, one residential mortgage production office in Duluth, and one residential mortgage production office in Chicago. -0- 11/22/91 /CONTACT: James M. Burkholder of Investors Savings Corp.,
(INVS) CO: Investors Savings Corp. ST: Minnesota IN: FIN SU:
KH-DS -- MN008 -- 6398 11/22/91 12:47 EST
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|Date:||Nov 22, 1991|
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