Signaling that interest in bank stocks may have life yet, American Data Services last week launched a mutual fund to invest in banks-and what its managers call "banks in disguise" - that they say are undervalued.

The Imperial Bank Fund is one of several mutual funds administered by American Data Services, a shareholder services company in Hauppauge, N.Y. David Allaire and Michael Laliberte of Retirement Planning Co., Providence, R.I., will advise the new fund.

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