HAWKEYE <HWKB> HOLDERS APPROVE DEBT PLAN
Hawkeye Bancorporation said
shareholders at the annual meeting approved the bank holding
company's debt restructuring package with its principal
creditors.
    The plan calls for the company to issue new class of
preference stock to Hawkeye's principal creditors in exchange
for 32.3 mln dlrs of debt, and an exchange offer to preferred
holders.
 Reuter
