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COMMUNITY FIRST BANKSHARES RAISES QUARTERLY DIVIDEND

 COMMUNITY FIRST BANKSHARES RAISES QUARTERLY DIVIDEND
 FARGO, N.D., Nov. 12 /PRNewswire/ -- Community First Bankshares,


Inc., (NASDAQ: CFBX) announced today that its board of directors increased its regular quarterly dividend from 8 cents to 10 cents per common share, an increase of 25 percent. The dividend is payable Dec. 7, 1992, to shareholders of record Nov. 23, 1992.
 Community First Bankshares began paying quarterly dividends on common stock one year ago, in December 1991. The company has 7,626,600 shares of common stock outstanding.
 Donald R. Mengedoth, president and chief executive officer, said, "This significant dividend increase reflects the continued strong performance of our banking operations, and our confidence in achieving financial performance objectives we have set for the remainder of 1992 and the coming year."
 The company also announced the resignation of John J. Gleason, Sr., as a director. Gleason, chairman of Pinnacle Banc Group, Inc., Oakbrook, Ill., was required to resign under the Federal Reserve Board's Regulation L, which prohibits interlocking directorships among principal officers and directors of financial institutions.
 When Community First Bankshares acquired Worthington Bancshares, Inc., on Oct. 7, 1992, the company surpassed the $1-billion total asset level, requiring Gleason's resignation under Regulation L.
 Headquartered in Fargo, N.D., Community First Bankshares, Inc., has 29 banking offices in Minnesota, North Dakota and South Dakota.
 -0- 11/12/92
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen Inc., 612-371-0000 or Donald Mengedoth of Community First Bankshares, 701-235-1600/
 (CFBX) CO: Community First Bankshares, Inc. ST: Minnesota IN: FIN SU: DIV


KH -- MN010 -- 0306 11/12/92 15:14 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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