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COMMUNITY FIRST BANKSHARES COMPLETES TWO ACQUISITIONS AND MERGES MINNESOTA BANKS

 FARGO, N.D., June 1 /PRNewswire/ -- Community First Bankshares, Inc., (NASDAQ:CFBX) today completed the acquisitions of two banks in North Dakota and Colorado and also completed the merger of two of its currently owned banks in Minnesota.
 In Cooperstown, N.D., Community First completed the acquisition of F&M Bank Holding Company, which owns Farmers & Merchants Bank of Cooperstown and an associated insurance agency. The bank, largest in Cooperstown with $26 million in assets and a branch in Binford, N.D., will be merged with Community First State Bank of Cooperstown to create a $47 million institution.
 Community First also completed today its first acquisition in Colorado, buying Lincoln Banking Company, Ltd., parent of Bank Northwest in Steamboat Springs, Colo. Bank Northwest has assets of $44 million and operates a branch in Vail, Colo.
 In Minnesota, Community First National Bank of Windom was merged with Community First National Bank, Worthington. The merger creates a bank with assets of $140 million and offices in Worthington, Windom and Lakefield, Minn. In keeping with the company's community banking philosophy, each office is headed by a local president with ownership interest and broad decision-making authority.
 With today's acquisitions, Community First Bankshares, headquartered in Fargo, N.D., serves 32 communities in Minnesota, North Dakota, South Dakota and Colorado.
 -0- 6/01/93
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen, 612-371-0000 for Community First; or Don Mengedoth of Community First Bankshares, 701-235-1600/
 (CFBX)


CO: Community First Bankshares, Inc. ST: Minnesota, North Dakota, Colorado IN: FIN SU: TNM

DB -- MN014 -- 4004 06/01/93 13:38 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
Words:261
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