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METROPOLITAN FINANCIAL SHAREHOLDERS APPROVE ALL BUSINESS ITEMS

 MINNEAPOLIS, May 5 /PRNewswire/ -- Metropolitan Financial Corporation (NYSE: MFC) announced today at the annual meeting of shareholders that shareholders approved all corporate business items outlined in the company's Notice of the Annual Meeting of Stockholders at the annual meeting. Norman M. Jones, chairman and chief executive officer of the company, announced earlier today that the board of directors approved a 10 percent stock dividend to be paid July 12, 1993 to common stock shareholders of record on July 1, 1993.
 Shareholders today voted overwhelmingly to re-elect Norman M. Jones, Trueman E. Tryhus and Lawrence E. Davis to three-year terms as directors of the corporations.
 Shareholders voted to adopt the company's 1993 Non-Employee Director Stock Option Plan, which provides options to purchase shares of the company's common stock to directors of the company who are not employed by the company or any of its subsidiaries.
 Shareholders voted to ratify the appointment of Ernst & Young as auditors for the company for the fiscal year ending Dec. 31, 1993.
 Metropolitan Financial Corporation is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, North Dakota, operates over 160 offices in the states of Minnesota, North Dakota, South Dakota, Nebraska, Iowa, Wisconsin and Arizona.
 Metropolitan has 28 million shares of common stock outstanding and is listed on the New York Stock Exchange under the symbol MFC.
 -0- 5/5/93
 /CONTACT: William P. Bartkowski of Metropolitan Financial Corporation, 612-928-5000/
 (MFC)


CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU:

AL -- MN011 -- 4977 05/05/93 15:02 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:261
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