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COMMUNITY FIRST BANKSHARES ANNOUNCES OFFERING OF $20 MILLION OF SUBORDINATED NOTES

 FARGO, N.D., April 8 /PRNewswire/ -- Community First Bankshares, Inc., (NASDAQ: CFBX) announced today that its registration statement has become effective and an offering of $20 million of its 7-3/4 percent Subordinated Notes due 2000 is being made by underwriters Piper Jaffray Inc. and Dain Bosworth Incorporated.
 Proceeds of the offering will be used to repay acquisition debt incurred in connection with previous acquisitions, to fund pending and future acquisitions and to repurchase common stock.
 Community First Bankshares, Inc., is a multi-bank holding company which operates 30 banks and bank branches in Minnesota, North Dakota and South Dakota.
 -0- 4/8/93
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen Inc., 612-371-0000 or Donald R. Mengedoth of Community First Bankshares, 701-235-1600/
 (CFBX)


CO: Community First Bankshares, Inc. ST: North Dakota IN: FIN SU: OFR

KH -- MN012 -- 4207 04/08/93 11:47 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
Words:143
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