INVESTORS SAVINGS <ISLA> TO REDEEM PREFERRED
Investors Savings Bank said it
will redeem on May 8 its 95 ct Series A cumulative convertible
preferred stock at 10.72 dlrs plus accrued interst of 10 cts
per share.
    The company said each share may be converted instead into
1.333 common shares through May 1.  Investors have outstanding
1,166,857 preferred shares convertible into 1,555,420 common
shares.
 Reuter
