Oct 28 (Reuters) - Franchise Bancorp Inc FBI.V :
* Franchise Bancorp Inc announces insider bid, independent committee and abridgment of deposit period
* Franchise Bancorp- WTF Holdings Inc has today formally commenced an insider bid to acquire remaining shares of company not already held by offerer
* Franchise Bancorp Inc - board has agreed to abridge initial deposit period to 67 days, providing for an initial expiry time of January 3, 2017 Source text for Eikon: ID:nCCN1Kzy77 Further company coverage: FBI.V