Printer Friendly

FIRST BANK SYSTEM COMPLETES ACQUISITION OF WESTERN CAPITAL

 MINNEAPOLIS, Dec. 18 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) said today that it has completed its previously announced acquisition of Western Capital Investment Corporation (NASDAQ: WECA) of Colorado. Western Capital owns Bank Western, a Federal Savings Bank with $2.5 billion in assets headquartered in Denver. Terms of the agreement call for the exchange of approximately .57 FBS shares for each share of Western Capital. FBS received approvals from the Federal Reserve Board and the Office of Thrift Supervision on Oct. 30 and Dec. 8, respectively.
 First Bank System is a regional bank holding company headquartered in Minneapolis with assets of $20.6 billion. The company provides complete financial services to individuals and institutions through 28 banks and trust companies with 161 offices in Minnesota, Colorado, Montana, North Dakota, South Dakota, Wisconsin, Washington and California. Bank Western currently operates 35 locations throughout Colorado.
 -0- 12/18/92
 /CONTACT: John Danielson (investor), 612-973-2261 or Wendy Raway (media), 612-973-2429, both of First Bank System/
 (FBS WECA)


CO: First Bank System, Inc.; Western Capital Investment Corporation ST: Minnesota, Colorado IN: FIN SU: TNM

AL -- MN010 -- 8379 12/18/92 16:26 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 18, 1992
Words:190
Previous Article:RESORT INCOME INVESTORS INC. ANNOUNCES FOURTH QUARTER DISTRIBUTION
Next Article:OXBORO MEDICAL ANNOUNCES EARNINGS
Topics:


Related Articles
FBS COMPLETES NORTH DAKOTA ACQUISITION
COLUMBIA BANKING SYSTEM TO ACQUIRE FIRST AMERICAN STATE BANK
FIRST BANK SYSTEM RECEIVES FED APPROVAL TO ACQUIRE WESTERN CAPITAL
FIRST BANK SYSTEM AND COLORADO NATIONAL ANNOUNCE MERGER AGREEMENT
FIRST BANK SYSTEM COMPLETES ACQUISITION OF BANK SHARES INCORPORATED
SALE OF CAL REP BANCORP INC. TO FIRST INTERSTATE BANCORP TO CLOSE DEC. 10, BRANCHES TO CONVERT OVER WEEKEND
SECURITY CAPITAL BANCORP ANNOUNCES LETTER OF INTENT FOR ACQUISITION OF FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHARLOTTE
FIRST BANK SYSTEM TO ACQUIRE WESTERN BANK IN SOUTH DAKOTA
AMFED FINANCIAL TO COMPLETE ACQUISITION OF FIRST WESTERN FINANCIAL
FIRST BANK SYSTEM COMPLETES ACQUISITION OF FIRST WESTERN CORPORATION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters