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Non-Tech : Independence Savings Bank (ICBC) -- Ignore unavailable to you. Want to Upgrade?

To: Rich B. who wrote (199)	4/3/1998 8:45:00 AM
From: gambler2	Read Replies (2) \| Respond to of 246

Information on banks that are going to convert is really all by word of mouth. Or, if you know banks in your area give them a call and ask them if they trade publicly. If not, open them up. You are right after a bank announces they are converting it is too late. Otherwise, there were would be no logic to the game. All these big banks in brooklyn, queens that people are discussing cut-off dates about, it is all a rumor that 'When the bank will go public in about 2 years they will backdate it to 3/31/98'. Hence, the mad dash to open an account. Regarding MCBC, are you sure that you requested 1000 shares and not $1000 dollars worth of shares? Brooklyn banks you need a crap load of money on deposit for their record date in order to get anything substantial (ICBC, RCBK, two examples). However, the smaller banks (bank in Washington about 2 months ago), having $400 on deposit entitled you to purchase 10,000 shares. Greater demand for the offering, more depositors, the more oversubscribed it gets, thus knocking your allocation down tremendously. Good luck..