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| | [No title] |
 | | Greenwood, who was a director of the Cheltenham Bank, a wholly owned subsidiary of INBC, purchased INBC stock after learning about the acquisition proposal and made $150,412 in profits. |
 | | Greenwood agreed to disgorge his profits and the amount of his losses avoided, or $184,162.50, pay prejudgment interest of $70,608.99, and a penalty of $184,162.50. |
 | | Greenwood also avoided losses of $33,750 in January 1993 when he sold his stock prior to the public announcement of an INBC negative earnings release. |
| www.sec.gov /litigation/litreleases/lr15576.txt (481 words) |
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