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D&N BANK TO MAKE SERVICES OF INVEST FINANCIAL CORPORATION AVAILABLE AT ITS BANK OFFICES

 HANCOCK, Mich., Aug. 18 /PRNewswire/ -- In a significant move to expand its range of services, D&N Bank, fsb, through its wholly owned subsidiary, D&N Holdings, Inc., will now make available the products and services of INVEST Financial Corporation (INVEST). INVEST, a subsidiary of Kemper Financial Services, Inc., is one of the largest financial services firms providing bank clients with convenient access to mutual funds, unit investment trusts, annuities and other insurance products(A) and other brokerage, financial planning and portfolio services.
 At the new INVEST Centers in D&N Bank offices, the general public as well as D&N customers, can obtain professional, objective investment advice, carefully research investment recommendations and choose from a variety of financial products.
 George J. Butvilas, president and chief executive officer of D&N Bank, commented, "Through INVEST, we are making available a wide range of quality services and financial alternatives. Since INVEST is a full-service financial company, clients will be able to sit down with an INVEST representative and get personalized investment advice on how to plan for specific financial goals. Customers will also have access to the free, comprehensive financial planning services of INVEST."
 D. Mark Olson, president and chief executive officer of INVEST Financial Corporation, said, "We are delighted to welcome D&N Bank to our INVEST program. We are looking forward to working with D&N Bank to deliver the high-quality investment products and services that have become the hallmark of INVEST."
 In 1982, INVEST Financial Corporation made history by launching the first consumer investment service making it possible for financial institutions to have investment products and services available in their bank offices. Currently, over 130 banks, thrifts and credit unions subscribe to INVEST. More than 1,200 registered INVEST representatives staff nearly 700 INVEST Centers nationwide.
 INVEST, headquartered in Tampa, Fla., pioneered the on-site delivery of securities and insurance products to customers of banks and thrifts. It is one of the largest providers of complementary products and services through financial institutions. INVEST Financial Corporation is a member of NASD, SIPC.
 D&N Bank, a federal savings bank, has 37 financial services offices throughout the Upper Peninsula, mid-Michigan and northeastern Wisconsin. D&N is the third-largest savings bank in Michigan based on asset size and is the largest financial institution headquartered in the Upper Peninsula. The bank is a subsidiary of D&N Financial Corporation, whose stock is traded over-the-counter and is quoted on the NASDAQ Stock Market under the symbol DNFC.
 (A) Annuities and insurance products are provided through INVEST Financial Corporation Insurance Agency Inc. of Ohio.
 -0- 8/18/93
 /CONTACT: Alfred J. Sliwinski, senior vice president and chief community banking officer, D&N Bank, fsb, 906-482-2700/
 (DNFC)


CO: D&N Bank, fsb; INVEST Financial Corporation ST: Michigan IN: FIN SU: PDT

JG -- DE004 -- 3838 08/18/93 07:50 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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