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TEIGEN RESIGNS BANK POSITION AT SECURITY FINANCIAL

 TEIGEN RESIGNS BANK POSITION AT SECURITY FINANCIAL
 ST. CLOUD, Minn., Feb. 28 /PRNewswire/ -- The board of directors for


Security Financial Group, Inc. (NASDAQ: SFGI) has announced the resignation of Warren W. Teigen as chief executive officer and president, effective March 1, 1992.
 Teigen, who has served as chief executive officer and president of the bank since 1986, will remain as chief executive officer and president of the holding company, Security Financial Group, Inc.
 Board spokesperson Tom Williams said Teigen's responsibilities will be to manage activities related to the proposed acquisition by Metropolitan Financial Corporation, announced earlier this month.
 The board has appointed Larry Manker, a banking consultant based in Sioux City, Iowa as interim president of Security Financial Banking and Savings, FSB. Manker will oversee the operations of the bank beginning March 1. He has served as a consultant to Security Financial since August 1991. Teigen will remain as chairman of the board for both Security Financial Group and Security Financial Banking and Savings, FSB.
 Security Financial Group, Inc., provides financial services to central Minnesota through its operating subsidiary Security Financial Banking and Savings, FSB. Security Financial is a $260 million savings bank with headquarters in St. Cloud and offices in St. Cloud, Elk River, Monticello, Mora, Princeton, Sauk Rapids and Waite Park, Minn. Security Financial Group, Inc., is traded on the National over-the-counter market under the NASDAQ symbol: SFGI.
 -0- 2/28/92
 /CONTACT: Susan Mackert of Advantage Marketing, 612-253-6392 or 612-393-2386, for Security Financial/
 (SFGI) CO: Security Financial Group, Inc. ST: Minnesota IN: FIN SU: PER


AL -- MN003 -- 3621 02/28/92 09:50 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:267
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