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COMMUNITY FIRST BANKSHARES FILES REGISTRATION STATEMENT FOR OFFERING OF $20 MILLION OF SUBORDINATED NOTES

 FARGO, N.D., March 23 /PRNewswire/ -- Community First Bankshares, Inc., (NASDAQ: CFBX) announced today the filing of a registration statement for a proposed offering of $20 million of its Subordinated Notes due 2000.
 The offering will be made through 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 29 banks and bank branches in Minnesota, North Dakota and South Dakota.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such State. The offering may be made only by a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933. Copies of the prospectus may be obtained from Piper Jaffray Inc., 222 S. 9th St., Minneapolis, Minn. 55402, or Dain Bosworth Incorporated, 60 S. 6th St., Minneapolis, Minn. 55402.
 -0- 3/23/93
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen Inc., 612-371-0000 or Donald G. Mengedoth of Community First Bankshares, Inc., 701-235-1600/
 (CFBX)


CO: Community First Bankshares, Inc. ST: Minnesota IN: FIN SU:

KH -- MN013 -- 8690 03/23/93 13:02 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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