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MEMBER OF GROUP SEEKING SHAREHOLDER LIST MATERIALS FILES LAWSUIT AGAINST GREAT LAKES BANCORP

 MEMBER OF GROUP SEEKING SHAREHOLDER LIST MATERIALS
 FILES LAWSUIT AGAINST GREAT LAKES BANCORP
 ANN ARBOR, Mich., March 13 /PRNewswire/ -- The Great Lakes Shareholders' Committee announced today that John Berman, a member of the committee, has filed a lawsuit seeking to require Great Lakes Bancorp (NASDAQ: GLBC) to promptly provide the committee with shareholder list materials necessary to communicate with all Great Lakes shareholders.
 The lawsuit, filed yesterday in Federal District Court for the Eastern District of Michigan, alleges that the committee is legally entitled under applicable law to a copy of the list materials.
 Daniel Gilbert, another committee member, said, "I am disappointed that Great Lakes management has failed to honor their legal obligation to provide us with a copy of the list materials, which has forced us to file suit against them. I believe this is an attempt by Great Lakes management to thwart lawful communications among shareholders. We have been requesting a complete copy of the list materials for months, but Great Lakes management still refuses to provide us with it. I strongly object to management's treatment of one of the bank's largest shareholders."
 The committee announced last month in a filing with the Office of Thrift Services (OTS) that it intends to solicit proxies in opposition to management for four seats on the Great Lakes board of directors at the annual meeting scheduled for April 22, 1992, and to support a shareholder proposal seeking a shareholder vote on whether Great Lakes should be put up for sale.
 The committee members are not presently soliciting proxies but intend to distribute a formal written proxy statement to Great Lakes shareholders at the earliest practicable date.
 Members of the committee include: Daniel Gilbert, president of Rock Financial Corporation, owner of 64,762 shares of Great Lakes' common stock; Marc Eller, secretary/treasurer of B.E.G. Enterprises, Inc., owner of 48,040 shares of common stock; Ronald Berman, president of B.E.G. Enterprises, Inc., president of Century 21 Northwestern and a practicing attorney, owner of 39,412 shares of common stock; John Berman, president of Lasky Furniture, owner of 14,237 shares of common stock; Rock Financial Corporation, a Michigan corporation in the business of mortgage banking, owner of 79,428 shares of common stock; Regency Advantage Limited Partnership, a Michigan limited partnership in the business of commercial real estate, owner of 1,905 shares of common stock; and Texas Recovery I Limited Partnership, a Michigan limited partnership, in the business of investment, owner of 10,612 shares of common stock. W.Y. Campbell, an investment banking firm, will also participate in the solicitation. B.E.G. Enterprises, Inc. is not a committee member.
 The principal business addresses of the above entities are as follows: Rock Financial Corporation, 30850 Telegraph Road, Suite 100, Birmingham, Mich., 48010; B.E.G. Enterprises, Inc., 28800 Orchard Lake Road, Suite 140, Farmington Hills, Mich., 48322; Century 21 Northwestern, 6024 West Maple, Suite 104, Farmington Hills, Mich., 48322; Ronald J. Berman, attorney, 6950 Brookshire, West Bloomfield, Mich., 48322; Lasky Furniture, 13300 Joseph Campeau, Detroit, Mich., 48212; Texas Recovery I Limited Partnership, 28800 Orchard Lake Road, Suite 140, Farmington Hills, Mich., 48322; Regency Advantage Limited Partnership, 28800 Orchard Lake Road, Suite 140, Farmington Hills, Mich., 48322.
 -0- 3/13/92
 /CONTACT: Stanley J. Kay or Daniel H. Burch of MacKenzie Partners, 212-688-4244, for Great Lakes Shareholders' Committee/
 (GLBC) CO: Great Lakes Shareholders' Committee; Great Lakes Bancorp ST: Michigan IN: FIN SU:


CK-OS -- NY039 -- 7822 03/13/92 12:53 EST
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Date:Mar 13, 1992
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