Bank Plus Corporation Defers Annual Meeting Date

Apr 20, 2001, 01:00 ET from Bank Plus Corporation

    LOS ANGELES, April 20 /PRNewswire/ -- Bank Plus Corporation (Nasdaq:   BPLS)
 ("Bank Plus" or the "Company") today announced that, in light of its
 previously announced acquisition negotiations, its Board of Directors has
 deferred the date of the 2001 annual meeting of stockholders pending the
 outcome of those negotiations.  If the Company reaches a definitive
 acquisition agreement, a special meeting of stockholders will be called to
 vote on the transaction.  If negotiations end without a definitive agreement,
 the Board will reschedule the annual meeting.
 
     Bank Plus Corporation is the holding company for Fidelity Federal Bank,
 FSB, which offers a broad range of consumer financial services, including
 demand and time deposits and mortgage loans.  In addition, through its
 affiliate Gateway Investment Services, Inc., a NASD-registered broker/dealer,
 Fidelity provides customers of the Bank with investment products, including
 mutual funds, annuities and insurance.  Fidelity operates through 30 full-
 service branches, 29 of which are located in Los Angeles and Orange counties
 in Southern California.
 
     Forward Looking Statements
     Certain statements included in this release, including without limitation
 statements containing the words "believes," "anticipates," "intends,"
 "expects," "projects" and words of similar import, constitute "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform
 Act.  Such forward-looking statements involve known and unknown risks,
 uncertainties and other factors that may cause the actual results, performance
 or achievements of Bank Plus and Fidelity to be materially different from any
 future results, performance or achievements expressed or implied by such
 forward-looking statements.  Such factors are referred to in Bank Plus's most
 recent Annual Report on Form 10-K as of December 31, 2000 and its most recent
 Quarterly Report on Form 10-Q as of September 30, 2000.  A number of other
 factors may have a material adverse effect on the Company's financial
 performance.  These factors include a national or regional economic slowdown
 or recession which increases the risk of defaults and credit losses; the
 impact of changes in the availability or price of electrical or other forms of
 energy in the Company's markets; movements in market interest rates that
 reduce our margins or the fair value of the financial instruments the Bank
 holds; restrictions imposed on the Bank's operations by regulators such as a
 prohibition on the payment of dividends to Bank Plus; failure of regulatory
 authorities to issue approvals or non-objection to material transactions
 involving the Bank; actions by the Bank's regulators or other governmental
 agencies having jurisdiction over the Bank that could adversely affect the
 Bank's regulatory compliance status or capital levels; an increase in the
 number of customers seeking protection under the bankruptcy laws which
 increases the amount of charge-offs; the effects of fraud or other contract
 breaches by third parties or customers; the effectiveness of the Company's
 collection efforts and the outcome of pending and future litigation.  Given
 these uncertainties, undue reliance should not be placed on such
 forward-looking statements.  Bank Plus disclaims any obligation to update any
 such factors or to publicly announce the results of any revisions to any of
 the forward-looking statements included herein to reflect future events or
 developments.
 
 

SOURCE Bank Plus Corporation
    LOS ANGELES, April 20 /PRNewswire/ -- Bank Plus Corporation (Nasdaq:   BPLS)
 ("Bank Plus" or the "Company") today announced that, in light of its
 previously announced acquisition negotiations, its Board of Directors has
 deferred the date of the 2001 annual meeting of stockholders pending the
 outcome of those negotiations.  If the Company reaches a definitive
 acquisition agreement, a special meeting of stockholders will be called to
 vote on the transaction.  If negotiations end without a definitive agreement,
 the Board will reschedule the annual meeting.
 
     Bank Plus Corporation is the holding company for Fidelity Federal Bank,
 FSB, which offers a broad range of consumer financial services, including
 demand and time deposits and mortgage loans.  In addition, through its
 affiliate Gateway Investment Services, Inc., a NASD-registered broker/dealer,
 Fidelity provides customers of the Bank with investment products, including
 mutual funds, annuities and insurance.  Fidelity operates through 30 full-
 service branches, 29 of which are located in Los Angeles and Orange counties
 in Southern California.
 
     Forward Looking Statements
     Certain statements included in this release, including without limitation
 statements containing the words "believes," "anticipates," "intends,"
 "expects," "projects" and words of similar import, constitute "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform
 Act.  Such forward-looking statements involve known and unknown risks,
 uncertainties and other factors that may cause the actual results, performance
 or achievements of Bank Plus and Fidelity to be materially different from any
 future results, performance or achievements expressed or implied by such
 forward-looking statements.  Such factors are referred to in Bank Plus's most
 recent Annual Report on Form 10-K as of December 31, 2000 and its most recent
 Quarterly Report on Form 10-Q as of September 30, 2000.  A number of other
 factors may have a material adverse effect on the Company's financial
 performance.  These factors include a national or regional economic slowdown
 or recession which increases the risk of defaults and credit losses; the
 impact of changes in the availability or price of electrical or other forms of
 energy in the Company's markets; movements in market interest rates that
 reduce our margins or the fair value of the financial instruments the Bank
 holds; restrictions imposed on the Bank's operations by regulators such as a
 prohibition on the payment of dividends to Bank Plus; failure of regulatory
 authorities to issue approvals or non-objection to material transactions
 involving the Bank; actions by the Bank's regulators or other governmental
 agencies having jurisdiction over the Bank that could adversely affect the
 Bank's regulatory compliance status or capital levels; an increase in the
 number of customers seeking protection under the bankruptcy laws which
 increases the amount of charge-offs; the effects of fraud or other contract
 breaches by third parties or customers; the effectiveness of the Company's
 collection efforts and the outcome of pending and future litigation.  Given
 these uncertainties, undue reliance should not be placed on such
 forward-looking statements.  Bank Plus disclaims any obligation to update any
 such factors or to publicly announce the results of any revisions to any of
 the forward-looking statements included herein to reflect future events or
 developments.
 
 SOURCE  Bank Plus Corporation