InterBank fsb Announces Agreement with Genworth Financial

MAPLE GROVE, Minn., Nov. 16 /PRNewswire/ -- InterBank fsb announced tonight that, as has been reported in the press, it has entered into an agreement in principle, subject to negotiation of a definitive agreement, with Genworth Financial, Inc., a publicly traded financial security company with assets of approximately 100 billion dollars, which provides for the acquisition of InterBank. InterBank from time to time has explored entering into transactions with third parties which, like the present transaction, are intended to provide enhanced services by a larger financial services company to its customers, communities and constituencies served by InterBank.