June 19 (Reuters) - Life & Banc Split Corp LBS.TO :
* LIFE & BANC SPLIT CORP. ANNOUNCES OVERNIGHT OFFERING
* LIFE & BANC SPLIT CORP - CLASS A SHARES WILL BE OFFERED AT A PRICE OF $9.80 PER CLASS A SHARE FOR A DISTRIBUTION RATE OF 12.2% ON ISSUE PRICE
* LIFE & BANC SPLIT CORP - PREFERRED SHARES WILL BE OFFERED AT A PRICE OF $10.00 PER PREFERRED SHARE FOR A YIELD TO MATURITY OF 4.9%