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INVESTORS SAVINGS CORP. INCREASES QUARTERLY CASH DIVIDEND

 WAYZATA, Minn., Jan. 7 /PRNewswire/ -- The board of directors of Investors Savings Corp. (NASDAQ: INVS) today announced an increase in the quarterly cash dividend on the company's common stock to $.125 per share, up from $.08 per share paid during 1992. This dividend increase becomes effective with the dividend payable March 15, 1993 to shareholders of record Feb. 15, 1993. The company had 2,424,366 common shares outstanding at Dec. 31, 1992.
 James M. Burkholder, Investors Savings Corp. chairman, president and chief executive officer, said that the company's increased earnings power and improved capital position made the dividend increase possible. Earnings per share for the first nine months of 1992 were $1.95 a 17.5 percent increase over the same period in 1991. In addition, with the successful completion of a debt offering in December 1992, the company's core and risk based capital positions have improved significantly and are in excess of regulatory capital levels under the new capital guidelines. "We are pleased that our strong financial performance and improved capital position is enabling us to enhance the returns we can provide to our shareholders," said Burkholder.
 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 nine retail banking offices and six residential mortgage production offices in the Twin Cities metropolitan area, one residential mortgage production office in Duluth and two residential mortgage production offices in Chicago.
 -0- 1/7/92
 /CONTACT: James M. Burkholder of Investors Savings Corp., 612-475-8500/
 (INVS)


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

KH -- MN004 -- 2552 01/07/93 10:02 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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