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INVESTORS BANK CORP. ANNOUNCES 4-FOR-3 STOCK SPLIT AND A 30 PERCENT INCREASE IN COMMON CASH DIVIDEND

 MINNEAPOLIS, Nov. 15 /PRNewswire/ -- Investors Bank Corp. (NASDAQ: INVS) announced today that its board of directors declared a 4-for-3 stock split in the form of a stock dividend of one share for every three shares outstanding payable on Dec. 31, 1993 to all holders of record on Dec. 1, 1993. Prior to the dividend there were 2,486,890 shares of common stock outstanding. After the dividend, it is expected that there will be approximately 3,315,850 shares outstanding.
 The board also declared a 30 percent increase in its regularly quarterly cash dividend for 1994. The dividend payout will be $.1625 per share pre-split or $.125 post-split with a record date of Feb. 15, and payable March 15, 1994.
 Commenting on the stock split and dividend increase, James Burkholder, president, said, "sustained, strong performances in our core mortgage and retail banking businesses enable us to take these actions to enhance the return we provide to our shareholders. The stock split is intended to provide greater liquidity in our shares while the dividend increase reflects the steady improvement in profitability we have achieved over the past year."
 Investors, with assets of $964 million at Sept. 30, 1993, is Minnesota's third largest savings institution and fifth largest financial institution.
 -0- 11/15/93
 /CONTACT: James M. Burkholder, president, of Investors Bank, 612-475-8700/
 (INVS)


CO: Investors Bank Corp. ST: Minnesota IN: FIN SU: DIV

AL-DB -- MN020 -- 4441 11/15/93 12:47 EST
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Date:Nov 15, 1993
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