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Non-Tech : Lawrence Savings Bank LSBX
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To: Phil Rogers who wrote (55)5/21/1997 5:18:00 PM
From: vincent sciplini   of 98
 
I was very pleased to find Lawrence Savings at my place of work today. We just opened a new office in Andover and Lawrence was here to open new accounts. Not only was a rep here, but MR. Miller the C.E.O. was here. He was very nice, explaining what the bank is doing to improve shareholder value. I asked him why the stock is stuck at 9-10. He said that the Street has takeover speculation built into prices of alot of banks and Lawrence , because of the tax loss carry, Lawrence is not looked at as a take-over target, YET. Reason is the buyer will not get the loss. He said not to worrie about the lack of performance, the bank is getting stronger and stronger and the stock will catch up. He was very open about the past troubles, while making a point to tell me that the bank is doing very well and good things are in the works. I grabbed a few pens and pads while they were here. I was impressed
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