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FBS TO REPURCHASE UP TO $25 MILLION (DOLLARS) OF ITS COMMON STOCK

 MINNEAPOLIS, Jan. 4 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) today announced intentions to repurchase up to $25 million (dollars) of FBS' common stock or approximately 890,000 shares. The shares will be repurchased from time to time in the open market or through negotiated transactions, the company said. Repurchased shares will be utilized for issuance under the company's Employee Stock Purchase Plan, Dividend Reinvestment Plan and other corporate purposes. As of Dec. 31, 1992, FBS had approximately 93.9 million common shares outstanding with an approximate market value of $2.64 billion.
 First Bank System is a regional bank holding company headquartered in Minneapolis with assets of approximately $22.5 billion. The company provides complete financial services to individuals and institutions through 25 financial service companies with 218 offices.
 -0- 1/4/93
 /CONTACT: John Danielson, Investor Relations, 612-973-2261 or Wendy Raway, Media Relations, 612-973-2429, both of First Bank System/
 (FBS)


CO: First Bank System, Inc. ST: Minnesota IN: FIN SU:

DS -- MN010 -- 1449 01/04/93 17:06 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:171
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