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NATIONAL CITY BANCORPORATION BOARD AUTHORIZES STOCK REPURCHASE

 MINNEAPOLIS, Oct. 8 /PRNewswire/ -- National City Bancorporation (NASDAQ-NMS: NCBM) announced today that its board of directors authorized the company to repurchase, from time to time, in open market purchases, shares of the company's common stock to be held for possible future stock dividends of the company or issuance under the company's employee benefit plans.
 David Andreas, chief executive officer of the company, stated, "the board believes the price for the company's common stock is an attractive investment and such purchases are a good use of the company's available capital."
 National City Bancorporation is a bank holding company which owns National City Bank of Minneapolis and Diversified Business Credit, Inc. Its stock is traded on the over-the-counter market in the NASDAQ National Market System under the symbol NCBM.
 -0- 10/8/93
 /CONTACT: David H. North of National City Bancorporation, 612-340-3185/
 (NCBM)


CO: National City Bancorporation ST: Minnesota IN: FIN SU:

DS-AL -- MN016 -- 0320 10/08/93 16:46 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
Words:159
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