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MANAGEMENT TEAM NAMED FOR NORWEST'S NEW DAVENPORT BANK

 MANAGEMENT TEAM NAMED FOR NORWEST'S NEW DAVENPORT BANK
 DAVENPORT, Iowa, Jan. 22 /PRNewswire/ -- Davenport Bank and Trust Company, N.A. has named Gerald R. De Land chairman and chief executive officer, Michael A. Bauer president and chief operating officer, and Joe Petra senior vice president and chief administrative officer of the new bank owned by Norwest Corporation (NYSE: NOB).
 De Land, who has been with Norwest Corporation for 32 years, had been president of a group of community banking offices in Minneapolis. He joined the Norwest Iowa community banking region staff in mid-November to assist with the acquisition by Norwest Corporation of the former Davenport Bank and Trust Company. Bauer was senior vice president in charge of lending and correspondent banking at the Davenport bank. Petra was president of Bettendorf Bank, which Norwest Corporation has owned since 1973.
 Effective Jan. 19, 1992, the former Davenport Bank and Trust Company was consolidated with Bettendorf Bank to form Davenport Bank and Trust Company, National Association.
 Davenport Bank and Trust Company, N.A., with assets of $1.7 billion, will serve the Quad Cities market from seven banking locations in Davenport, Bettendorf and Donahue, Iowa.
 De Land was born and raised in Appleton, Wisconsin, served in Germany with the U.S. Army, graduated from the University of Wisconsin at Madison, and joined the Norwest organization in 1959.
 His responsibilities with Norwest Corporation have included managing commercial credit, systems, marketing, and card services. He was named president of Norwest Corporation's South Minneapolis Banks after serving as the managing officer of several community banking offices.
 Bauer, who was born and raised in Davenport, attended St. Mary's College at Winona, Minn. for 1-1/2 years before graduating in 1970 from the University of Idaho with a bachelor of science degree.
 In 1975 he was named assistant manager of the former Davenport bank's Kimberly office and promoted to manager there in 1977.
 In 1980 he moved to the bank headquarters as a correspondent banking officer and was promoted to head the department in 1982. During his tenure in correspondent banking, the number of banks served grew from 80 to more than 400. He was promoted to senior vice president and head of lending and correspondent banking in 1989.
 Petra, a native Iowan, had been president of Bettendorf Bank since January 1990. His new responsibilities will include overseeing the new bank's financial institutions group, which serves correspondent banks, and managing a number of administrative and support functions within the bank.
 He began his banking career in 1972 and has served as president and chief executive officer of a number of community banks in Iowa, Illinois and Indiana.
 Norwest Corporation is a $40.3 billion company providing banking, insurance, investments and other financial services through 1,653 offices in 49 states and internationally.
 -0- 01/22/92
 /CONTACT: Patrice Vick or Norwest, 612-667-0148/
 (NOB) CO: Norwest Corporation ST: Minnesota IN: FIN SU: PER


KH -- MN015 -- 2463 01/22/92 16:22 EST
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Publication:PR Newswire
Date:Jan 22, 1992
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