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FIRST BANK SYSTEM COMPLETES ACQUISITION OF BANK SHARES INCORPORATED

 MINNEAPOLIS, Dec. 31 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) said today that it has completed its previously announced acquisition of Bank Shares Incorporated (BSI) and its 22 Marquette Bank locations in the Minneapolis/St. Paul area with $2.1 billion in assets.
 First Bank System is a regional bank holding company headquartered in Minneapolis with assets of approximately $22.5 billion on a pro forma basis. The company provides complete financial services to individuals and institutions through 25 banks and trust companies with 183 offices in Minnesota, Colorado, Montana, North Dakota, South Dakota, Wisconsin, Washington and California. FBS also operates 35 Bank Western federal savings bank offices in Colorado.
 -0- 12/31/92
 /CONTACT: John Danielson, investor relations, 612-973-2261; or Wendy Raway, media relations, 612-973-2429, both of FBS/
 (FBS)


CO: First Bank System, Inc.; Bank Shares Incorporated ST: Minnesota IN: FIN SU: TNM

KH -- MN004 -- 0996 12/31/92 16:04 EST
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Publication:PR Newswire
Date:Dec 31, 1992
Words:153
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