Indiana Federal Corp. bought a one-third interest in an information systems leasing company.

The $718 million-asset company, which owns Indiana Federal Bank for Savings, earlier this month bought the stake in Forrest Holdings Inc., Oak Brook, Ill.

Forrest's subsidiary, Forrest Financial Corp., provides financing for entire information systems, including software and intangible collateral, which leasing companies don't traditionally include, according to Forrest Financial.

"This relationship with Forrest Holdings continues our strategy of increasing shareholder value by deploying our capital in not only the banking arena, but also in financial services companies that offer a unique niche with high growth potential, are run by innovative and entrepreneurial management and can be bought at a favorable price," said Donald A. Lesch, Indiana Federal's chairman, in a prepared statement.

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