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FIRST BANK SYSTEM NAMES LEWTON TO HEAD PENDING ILLINOIS ACQUISITION

 MINNEAPOLIS, Jan. 6 /PRNewswire/ -- First Bank System, Inc. (NYSE: FBS) today announced that upon regulatory approval and closing of its previously announced acquisition of Chicago's Boulevard Bancorp, Inc., (NASDAQ: BLVD), that it intends to name Larry L. Lewton as president and chief executive officer of the bank. Lewton currently serves as president of FBS Ag Credit, Inc. in Denver, the company's agricultural lending subsidiary. James A. Bosco, who serves as senior vice president, for FBS Ag Credit will succeed Lewton as president. Lewton to report to William F. Farley, vice chairman of First Bank System.
 Lewton, 43, has over 22 years of commercial banking experience, including 12 years at banks in Illinois. He began his banking career in 1972 as an assistant cashier at the State Bank of Hull, Illinois. In 1975, he joined First National Bank of Belleville, Illinois, as a loan officer, a position he held until 1976 when he joined Exchange National Bank of Chicago as a vice president. In 1983 he became a vice president at Harris Bank, Illinois, and joined the Chicago branch of Banque Paribas in 1984 as a vice president. Lewton started the Chicago office of Wells Fargo Ag Credit, a subsidiary of Wells Fargo Bank in California, in January of 1986 and served as its vice president. He was promoted to senior vice president and chief credit officer of the Denver Office of Wells Fargo Ag Credit in June of 1986 and was elected president of Wells Fargo Ag Credit in September. First Bank System acquired Wells Fargo Ag Credit in 1991.
 Lewton, who is originally from central Illinois, holds a bachelor's degree in agricultural economics from the University of Illinois.
 Bosco, 41, began his commercial lending career in 1975. He joined Wells Fargo Ag Credit (now FBS Ag Credit) in 1986.
 FBS announced that it would acquire Boulevard Bancorp, a commercial bank holding company, on Sept. 29, 1993. Boulevard had $1.7 billion in assets and $1.2 billion in deposits as of Sept. 30, 1993 and 11 banking locations in Chicago, Des Plains and Downers Grove. The acquisition is expected to close at the end of March.
 FBS Ag Credit provides commercial, asset-based and real estate lending to agribusinesses throughout the U.S.
 First Bank System is a regional bank holding company headquartered in Minneapolis with approximately $26 billion in assets. The company provides complete financial services to individuals and institutions through 9 banks and over 200 offices located primarily in Minnesota, Colorado, Wisconsin, North Dakota, South Dakota and Montana.
 -0- 1/6/94
 /CONTACT: Wendy Raway of First Bank System, 612-973-2429/
 (FBS BLVD)


CO: First Bank System, Inc.; Chicago's Boulevard Bancorp, Inc. ST: Minnesota, Illinois IN: FIN SU: PER

DB-CP -- MN007 -- 9781 01/06/94 13:01 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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